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The Ramsey Show

This Is What It Sounds Like To Become a Millionaire in America

The Ramsey Show

Ramsey Network

Education, Investing, Business, Self-improvement

4.538.5K Ratings

🗓️ 31 July 2024

⏱️ 120 minutes

🧾️ Download transcript

Summary

📱Download your Ramsey Network App today! Dave Ramsey & Ken Coleman answer your questions and discuss: "How do I help my parents out of a financial mess?" "What's the best way to combine finances?" "How do I recover after a gambling addiction?" "Are there pros to raising the minimum wage?" Baby Steps Millionaires Theme Hour. Support Our Sponsors: BetterHelp: https://www.betterhelp.com/Delony to get 10% off your first month The Wellness Company: urgentcarekit.com/ramsey for 15% off medical emergency kit Health Trust Financial: Discover Top Health Insurance Plans, All in One Place. Yrefy: Call 844-2-RAMSEY or go to Yrefy.com/Ramsey Zander Insurance: Go to zander.com or call 800-356-4282 for a fast and easy quote today. Next Steps 📞 Have a question for the show? Call 888-825-5225 Weekdays from 2-5pm ET or click here! ☎️ Share your thoughts on The Ramsey Show & more! 🚢 The Live Like No One Else Cruise is booking fast! 💼Join the Crusade! Apply Now! 💵 Start your free budget today. Download the EveryDollar app! Listen to more from Ramsey Network 🎙️ The Ramsey Show 🧠 The Dr. John Delony Show 🍸 Smart Money Happy Hour 💡 The Rachel Cruze Show 💸 The Ramsey Show Highlights 💰 George Kamel 💼 The Ken Coleman Show 📈 EntreLeadership Learn more about your ad choices. https://www.megaphone.fm/adchoices Ramsey Solutions Privacy Policy

Transcript

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0:00.0

Live from the headquarters of Ramsey Solutions, it's the Ramsey Show where we help people.

0:20.0

Build Wealth, Do Work, that they love, and create actual amazing relationships.

0:27.0

Ken Coleman, number one best-selling author, Ramsey Personality, host of the Ken Coleman Show, where he does help people

0:35.1

with their work and their careers.

0:37.4

He's my co-host today.

0:38.8

So we'll be talking to you about your life and we talk about you right in front of you. The phone number is

0:43.4

828 2.5. The call is free and some say the advice is worth exactly what

0:50.0

you pay for it. So come hang out with us. We're here for you baby. This is how it works.

0:53.8

Chris is in Boston to start this hour. Hey Chris, welcome to the Ramsey show.

0:57.8

Thank you, sir. How are you today? Better than I deserve. What's up in your world?

1:03.3

So I'm trying to figure out a way that I can set my parents up for financial

1:07.9

wealth. They're in a tough situation right now.

1:11.9

Okay. What's her situation situation how old are they? Well, so they have 300,000 mortgage, no other debt, but they are way over the 25% they should be at it's at like almost 70% of their income is their mortgage payment

1:28.0

How old are they and they're very much struggling to pay for everyday things. Sure.

1:33.0

Okay.

1:34.0

How old are they?

1:35.0

Uh, dad is 64, mom is 62.

1:38.0

Okay.

1:39.0

How did we get into this mess?

1:40.0

Did they quit their jobs, retire and couldn't afford to?

1:43.0

No, just, you know, poor financial planning. My dad's looking to retire in two years, but they have no

1:49.7

savings and no retirement.

...

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