The Only Hack To Paying Off Debt Is Doing The Hard Work

The Ramsey Show

Ramsey Network

Investing, Self-improvement, Education, Business

4.5 • 38.5K Ratings

🗓️ 7 January 2026

⏱️ 127 minutes

🔗️ Recording | iTunes | RSS

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Summary

🤔 ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Think you’re good with money? Take our Money in America quiz!⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ Dave Ramsey and Jade Warshaw answer your questions and discuss: "My credit card is about to be charged off. What should I do?" "I just got laid off, should we use our savings to pay down debt?" "Should I go on a free cruise while in Baby Step 2?" "Should I sell my AirBnB?" "Am I wrong to ask to be an equal co-owner in my husband's business?" "Should I pay more than minimum payments to minimize interest while in Baby Step 2?" "Should I take out a loan to buy a business?". Next Steps: ✔️⁠ ⁠Help us make the show better. Please take this short survey.⁠⁠ 📞 Have a question for the show? Call 888-825-5225 weekdays from 2–5 p.m. ET or⁠ ⁠send us an email⁠. 📘 Get your copy of What No One Tells You About Money today 💵 ⁠Start your free budget today. Download the EveryDollar app! 🏠 Get organized and prepared to buy or sell a home Connect With Our Sponsors: Get 10% off your first month of ⁠BetterHelp⁠ Go to ⁠Boost Mobile⁠ to switch today! Go to⁠ ⁠⁠Casper Sleep⁠ and use promo code RAMSEY to learn more If you want your car to keep going and going, trust ⁠Christian Brothers Automotive⁠. Find a local shop and get an exclusive Ramsey discount of 10% off Learn more about⁠ Christian Healthcare Ministries⁠ Get started today with⁠ Churchill Mortgage⁠ Get 20% off when you join ⁠DeleteMe⁠ Go to⁠ FAIRWINDS Credit Union⁠ for an exclusive account bundle! Debt collectors hassling you? Take back control of your life at ⁠Guardian Litigation Group⁠ Find top health insurance plans at ⁠Health Trust Financial⁠ Use code RAMSEY to save 20% at ⁠Mama Bear Legal Forms⁠ Visit⁠ NetSuite⁠ today to learn more Get started with ⁠YRefy⁠ or call 844-2-RAMSEY Visit⁠ Zander Insurance⁠ for your free instant quote today! Explore more from Ramsey Network: 💸 ⁠The Ramsey Show Highlights⁠ 🧠 ⁠The Dr. John Delony Show⁠ 🍸 ⁠Smart Money Happy Hour⁠ 💡 ⁠The Rachel Cruze Show⁠ 💰 ⁠George Kamel⁠ 🪑 ⁠Front Row Seat with Ken Coleman⁠ 📈 ⁠EntreLeadership⁠ ⁠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.
0:12.0	Normal is broke. Common sense is weird, so we're here to help you transform your life.
0:19.6	From the Ramsey Network and the Fairwinds Credit Union Studio, this is The Ramsey Show.
0:25.0	Jade Washaw, Ramsey Personality Number One, bestselling author, is my co-host today as we answer your questions.
0:31.2	The phone number is AAA 825-5-225.
0:35.3	Jade is in Memphis.
0:36.8	Hi, Jade.
0:37.2	How are you?
0:38.5	Hi, guys.
0:39.3	Thanks for taking my call.
0:40.5	Sure.
0:40.9	What's up?
0:42.2	Okay, so I am, we were in Baby Step 2, but now we're in Baby Step 1, and I got a notification
0:48.6	that one of our credit card is in threat of being charged off within 30 days.
0:54.9	And so I don't really know what we should do if I should take out a loan.
0:59.1	Asked friends for that money because they're trying to settle or if I should just let it go to
1:04.4	collection.
1:05.0	How much is it?
1:07.1	It's 10,000, but they want to settle for $4,800.
1:11.3	Okay.
1:11.8	Do you have any money anywhere?
1:14.7	No.
	...

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