We Don’t See Eye-to-Eye on Paying Off Debt

The Ramsey Show Highlights

Ramsey Network

Self-improvement, Education, Investing, Business

4.6 • 682 Ratings

🗓️ 16 December 2024

⏱️ 5 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 was just calling
0:07.6	regarding how I can stay focused on getting out of debt and not incurring more. Okay, how much debt do you
0:17.6	guys have, or do you have?
0:25.7	I have about 20,000, and my fiancé has about 20,000.
0:26.4	Okay.
0:28.5	Why are you getting out of debt?
0:35.7	I just want a better life, and we have a kid on the way, and I'm tired of living paycheck-to-paycheck.
0:37.8	Okay. Okay.
0:47.9	So the thing that we find is that the bigger and more pure,
0:51.2	the reason for getting out of debt,
0:58.2	the why I'm getting out of debt, the more intense and sacrificial and disciplined you will be.
1:01.8	It sounds like you have a really good why, and if you came to truly believe, deep down in your
1:09.1	soul, that the only way you're going to become wealthy and
1:14.3	provide an incredible life experience for your brand new bride and baby is to get out of debt,
1:22.6	then the discipline starts to become easy. It's almost as if I said, if you don't pay off $20,000 in two years,
1:31.2	your child will not be alive. If you said that, you would find $20,000. Now, I'm not,
1:39.0	obviously, that's crazy. That's not going to happen, right? But I'm saying, you know, if you had to
1:43.9	buy a thing to
1:46.4	keep your child alive and you needed $20,000 to buy that thing and you only were allowed to pay
1:51.1	cash, you'd find $20,000, agreed?
1:54.3	Yes, sir.
1:54.9	Because your why would be so huge. Your reason, discipline wouldn't even come. I'm having trouble being disciplined to save the life of my child.
	...

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