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The Ramsey Show Highlights

"This Is An Impossible Budget" (Dave Ramsey Is Shocked)

The Ramsey Show Highlights

Ramsey Network

Self-improvement, Education, Investing, Business

4.6682 Ratings

🗓️ 22 April 2025

⏱️ 8 minutes

🧾️ Download transcript

Summary

📈 Are you on track with the Baby Steps? Get a Free Personalized Plan 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 💵 Start your free budget today. Download the EveryDollar app! - https://ter.li/ttpjvq  🏘️ Get Organized and Prepared to Buy or Sell a Home - https://ter.li/7vm07f  📞 Have a question for the show? Call 888-825-5225 Weekdays from 2-5pm ET or click here! Listen to more from Ramsey Network 🎙️ The Ramsey Show  🧠 The Dr. John Delony Show 🍸 Smart Money Happy Hour 💡 The Rachel Cruze Show 💰 George Kamel 🪑 Front Row Seat with Ken Coleman 📈 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 i'm trying to balance a

0:07.6

couple things um so i have sort of two questions one is related to a really expensive mortgage i

0:14.4

have um about a house a few uh years ago and i discovered soon enough that it was a bit of a lemon. Since then, I've been

0:24.1

sort of spending all of my time repairing this house and trying to get it up to market value

0:29.3

in hopes to, oh, I don't know, rent it or sell it or do something with it that could be profitable.

0:37.3

And the second thing is that, you know, a couple years ago, I also met a lovely lady,

0:43.6

and she's just about last year moved in with me and spent a bit of a struggle trying to

0:53.9

have enough time for the relationship,

0:57.0

manage the finances as I sort of continue to progress with this very expensive mortgage.

1:05.0

How much is your mortgage payment?

1:09.0

It's $5,300 a month. And what is your take-home pay, sir?

1:14.8

My take-home is about $7,700 a month. Your mortgage payment is $5,000 and your take-home is $7,000.

1:26.0

I don't know how you eat. That's how you eat how do you eat uh it's been

1:31.7

it's been tricky are you running up credit card debt i don't have any consumer debt is there money

1:37.9

somewhere else coming in or going out where how in the world That's an impossible budget.

1:46.1

It's pretty tight, yeah.

1:50.3

I've had to do a lot of the house repairs myself.

1:51.2

I keep things.

1:52.4

You're cutting in and out. Talk directly into your phone.

1:54.2

What did you say?

1:56.6

Oh, I have to keep a pretty tight budget.

1:59.4

That's right.

...

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