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The Ramsey Show Highlights

We Are Drowning in Debt!

The Ramsey Show Highlights

Ramsey Network

Education, Investing, Business, Self-improvement

4.5838 Ratings

🗓️ 24 May 2025

⏱️ 7 minutes

🧾️ Download transcript

Summary

📈 ⁠Are you on track with the Baby Steps? Get a Free Personalized Plan⁠ Did you miss the latest Ramsey Show episode? Don’t worry—we’ve got you covered! Get all the highlights you missed plus some of the best moments from the show. Watch entertaining calls, Dave Rants, guest interviews, and more! Next Steps ⁠💵 ⁠Start your free budget today. Download the EveryDollar app! - https://ter.li/446mhy 🏘️ Find a Ramsey Trusted Real Estate Agent - ⁠https://ter.li/ko6rqk⁠ 📞 Have a question for the show? Call 888-825-5225 Weekdays from 2-5pm ET or⁠ click here!⁠ Listen to more from Ramsey Network 🎙️⁠ The Ramsey Show⁠  🧠⁠ The Dr. John Delony Show⁠ 🍸⁠ Smart Money Happy Hour⁠ 💡⁠ The Rachel Cruze Show⁠ 💰 ⁠George Kamel⁠ ⁠🪑 Front Row Seat with Ken Coleman⁠ 📈⁠ EntreLeadership⁠ Learn more about your ad choices. ⁠https://www.megaphone.fm/adchoices⁠ ⁠Ramsey Solutions Privacy Policy Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Brought to you by the Every Dollar app. Start budgeting for free today.

0:06.6

Me and my husband are thinking about selling our home because we're just drowning in debt

0:12.5

and we just don't have any other option to try to get out of it, but to sell our home.

0:20.7

So, yes, that's my...

0:22.8

What is created that scenario where you don't believe you have any other options?

0:28.7

Give us some details.

0:30.8

Well, we are just drowning in debt, and I know y'all always sell the cars and we looked into it.

0:41.3

We owe, in one of our cars, we owe like $9,000.

0:45.3

Okay.

0:45.8

And we try to see if we could sell it, but we will be under.

0:50.5

It's really not worth selling.

0:52.6

It's just, I guess, right now we're just better off paying it

0:55.5

off. And the other one is 12,000. And that one as well is negative. So we're like, okay, we might

1:04.5

as well just try to hang on to those and try to pay those off. And everything else is loans and

1:09.3

credit cards, student loans, IRA.

1:11.5

Go through the other ones.

1:12.9

Go through the other amounts for us so we can get a picture of this.

1:15.2

So the $9,000 car, the $12,000 car, what else?

1:18.6

And then loans, like personal loans, like $20,000.

1:22.2

Okay.

1:22.9

Credit cars is around like $35 to $30,000 to like $40,000. Okay. Student loans is my husband is like 35 to, 35 to like 40,000.

1:28.5

Okay.

...

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