This Is Causing Us Extreme Anxiety
The Ramsey Show Highlights
Ramsey Network
4.5 • 840 Ratings
🗓️ 9 October 2024
⏱️ 4 minutes
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| 0:00.0 | Brought to you by the Every Dollar app. Start budgeting for free today. |
| 0:06.7 | Well, my wife is a contract worker. She's doing HR recruiting, and the contract that she's with is slowing down dramatically to the point where signs are on the walls that she may be losing her job |
| 0:23.2 | in the next month or two. We are pushing hard to get out of debt, have a medical loan from |
| 0:32.5 | earlier this year that we are hoping to be paid off by the end of this year. But our concern is with the proposed incoming doom on the horizon, |
| 0:45.2 | should we forego hitting debt hard to switch to, |
| 0:50.4 | oh, no, we need to start saving for a few months. |
| 0:56.8 | Then as the, what I can't tell here is you gave a lot of metaphors and dramatic things, |
| 1:03.8 | but no one has ever said anything to her about this other than she's observing things around her |
| 1:09.3 | and feels like this is coming to a close. I think she |
| 1:11.6 | needs to go in and get some actual input from the leadership team. So the leadership team has told |
| 1:18.7 | them that with the way things are slowing down, they don't know how much longer their contract is |
| 1:24.4 | going to be valid for. But I would have another follow-up question to that. |
| 1:29.9 | Okay, so how long is the current contract going to last? |
| 1:33.8 | In other words, is this a reset or the whoever's paying that contract can close that |
| 1:40.2 | contract out at any time? |
| 1:41.3 | I just get really detailed on that. |
| 1:42.8 | But real quick, Josh, I would immediately, if I was in your situation and it was my wife in her situation, |
| 1:49.0 | I would have her immediately looking for a replacement work. I wouldn't necessarily pause on |
| 1:54.2 | the debt elimination. I'd get real aggressive to have some options out there while having this |
| 1:59.0 | conversation. Yeah, let me tell you this. If this is bad enough that you need to stop all progress in your financial plan |
| 2:06.4 | and pile up cash because she's going to lose her job, |
| 2:09.1 | then she needs to go get another job right now. |
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