“This Is the Worst Business Deal I’ve Heard in a While”

The Ramsey Show Highlights

Ramsey Network

Investing, Self-improvement, Education, Business

4.5 • 840 Ratings

🗓️ 16 January 2026

⏱️ 8 minutes

🔗️ Recording | iTunes | RSS

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Transcript

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0:00.0	Zander shops all the top-term insurance companies to save you money.
0:06.8	Get started at zander.com.
0:08.7	My husband and I had a few opportunities pop up that we never thought would line up and happen,
0:15.6	that we were able to move closer to our family.
0:19.8	It was something we were really excited about. The hardest thing with it
0:23.9	was we have a small business that we are in the process of selling. We have never lived by credit
0:31.1	card debt. With this business, it involved purchasing inventory with a credit card. And now with the selling of this business, we
0:41.0	know we're going to be left with that credit card bill, but not the income from the business.
0:46.9	And so we're kind of at a really nerve-wracking stuck point.
0:51.1	Are you getting money for the business when you sell the business? We are getting a
0:57.6	small amount because of the distance we were moving. We had to sell it quicker than we probably
1:04.5	could have got a better price if the sale could have went longer. So that money is absolutely being put towards this, and then we
1:13.3	are financing.
1:14.1	So what are the numbers? How much are you getting for the business, and then how much
1:18.3	do you end up in credit card?
1:20.3	So we have currently got 15 grand from it, and then we'll continue to get another 20 grand over the next three years.
1:30.9	So it'll be small payments coming in.
1:33.2	How much credit card debt is it?
1:35.6	So we have 49,000 that we will have a credit card debt.
1:41.1	Wow.
1:41.7	So this business was a real failure.
1:48.2	Yeah, we had just taken it over, so we really didn't have time to start recouping the funds of the initial investment at all. Wow.
	...

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