We Are Drowning in Debt!
The Ramsey Show Highlights
Ramsey Network
4.5 • 839 Ratings
🗓️ 23 June 2024
⏱️ 8 minutes
🧾️ Download transcript
Summary
Transcript
Click on a timestamp to play from that location
| 0:00.0 | Brought to you by the Every Dollar app. |
| 0:04.3 | Start budgeting for free today. |
| 0:06.8 | Long story short, essentially, in a really, like, drowning in debt. |
| 0:11.0 | We've got about 50 grand in credit card debt, which we were, like, getting ourselves out of, |
| 0:16.5 | and then eventually it just turned into couldn't get ourselves out anymore, |
| 0:19.6 | and then living off credit card |
| 0:20.9 | trying to put food on the table for our babies and then um about 60k in student loans we're in a hole with our |
| 0:28.1 | um two of our jeeps we owe we're just uh one is a 900 payment one's a 400 dollar payment what's the |
| 0:36.2 | full amount of the first Jeep? |
| 0:39.3 | 40K on that and we would be, it's worth about 31. Yikes. So we just, we were in a bad car |
| 0:46.3 | position and that was what they're willing to swap us out for and essentially just really |
| 0:52.3 | bad situation on the stay-at-home mom. |
| 0:55.4 | My husband's a teacher. |
| 0:56.1 | I'm going back to work in August to be a teacher. |
| 0:58.1 | But we wanted to move out of state, |
| 1:01.3 | and we were almost to the point of wanting to just sell our house |
| 1:04.0 | and take all our equity and put it in to hang off all the debt. |
| 1:07.3 | Well, let's look at it. |
| 1:08.1 | So Jeep number one is 40K, but it's worth 31k. What about Jeep |
| 1:13.6 | number two? Jeep number two, I think we have about, it was 45, and I've had that for a long time. |
| 1:20.6 | We have, oh, about 17 on it. Okay, 017. What's it worth? And then what was that, sorry? What's it worth? I think that one's it worth and then what was that sorry what's it worth uh i think that one's only worth |
| 1:31.6 | about maybe 50 we got okay so that's not as bad upside down yeah then you said so it's credit |
... |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from Ramsey Network, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of Ramsey Network and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2026.

