Was Taking Out A $100,000 Loan To Buy Cattle A Bad Idea?

The Ramsey Show Highlights

Ramsey Network

Business, Education, Investing, Self-improvement

4.5 • 839 Ratings

🗓️ 25 September 2025

⏱️ 7 minutes

🔗️ Recording | iTunes | RSS

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Transcript

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0:00.0	Brought to you by the Every Dollar app. Start budgeting for free today. I'm 20 years old and I'm full-time
0:09.3	student and full-time working outside of school. And what are you studying? Business. Good. Okay. Are you out there at
0:19.3	W.T? Yes. Good for you. And you out there at WT? Yes.
0:21.6	Good for you.
0:22.6	And then I was curious, so I'm in the farm and ranch industry and I'm about, I was about
0:30.6	$100,000 in debt on vehicle loans, and then I just recently took out $100,000 to like start a cattle business.
0:41.5	Are you punking me?
0:42.8	Who gave a 20-year-old $100,000 cow loan?
0:46.9	I know.
0:48.0	Who?
0:49.2	I don't know.
0:50.2	No, yeah, you know, did you really do it or not?
0:52.5	Are you punking us?
0:53.3	Yes, I did.
0:54.1	No, I really did it.
0:55.0	You're kidding me.
0:56.5	Who made the loan?
0:57.5	What's the company's name?
0:59.6	I want to make sure all of America here is who's stupid out there.
1:03.1	It's a local bank here.
1:04.8	What's the name of the local stupid bank?
1:06.9	The name of the bank?
	...

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