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The Ramsey Show Highlights

“There’s Something Wrong, Jenna”

The Ramsey Show Highlights

Ramsey Network

Self-improvement, Education, Investing, Business

4.6682 Ratings

🗓️ 31 December 2024

⏱️ 6 minutes

🧾️ Download transcript

Summary

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Transcript

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0:00.0

Brought to you by the Ramsey Network app.

0:05.1

Download today to go further with Ramsey.

0:08.4

All right, today's question comes from Jenna and Minnesota.

0:11.6

Jenna writes,

0:12.4

Should I help my boyfriend pay off student loan debt?

0:15.0

No.

0:16.2

I guess we can just end it there, but I'll keep going.

0:18.2

I know what you're going to say, so let me explain.

0:21.1

Still know. We both went to college for mechanical engineering. My parents covered my tuition,

0:26.3

but my boyfriend has over $125,000 in college loans. We both work good jobs and bring home a

0:31.5

combined income of $200,000, but his loan payments are killing him. He didn't want to burden me

0:36.3

with him and he wants to put our life on hold, marriage, house, and children until they're paid off.

0:40.9

He has about $15K in savings, and so this is going to be a long process.

0:44.8

I have $80,000 in savings and roughly $300,000 in stocks that my grandpa set up for me when I was a kid.

0:50.4

Should I help pay off my boyfriend's loans by adding an amount to his payment every month,

0:54.4

pay them outright, or do you think I shouldn't help him at all?

0:56.8

Should you cave to his blackmail?

0:58.7

That's exactly. I was going to say, he is, this is a, it's a red herring. It's a, it's a proxy.

1:04.8

It's a ploy. Yes. So, listen, kiddo, we tell folks when they get married everything becomes shared so you will have a hundred

1:13.5

twenty five thousand dollar student loan when you're married because your husband does he will have

1:17.8

three hundred thousand dollars in stocks that his wife's grandfather left her he will have

1:24.1

eighty thousand dollars in savings that his wife had before they got married.

...

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