We Have $90,000 In Debt And No Money!

The Ramsey Show Highlights

Ramsey Network

Self-improvement, Education, Investing, Business

4.6 • 682 Ratings

🗓️ 23 October 2024

⏱️ 9 minutes

🔗️ Recording | iTunes | RSS

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Summary

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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. So my husband, he's a business
0:08.6	owner, and frankly the business is tanking. And he's racked up a lot of debt on both personal cards
0:16.2	and business cards. And between that and his truck and trailer, we got a little over 90K in debt that we're
0:24.8	looking at.
0:26.6	We have a home that we own.
0:28.9	We owe about 175 still on it.
0:31.9	And we have about a 4% interest rate.
0:36.1	Estimates are saying that our home is worth about 250 if we tried to sell it.
0:41.3	So I was just going to see if you would advise us selling a home and going into a smaller place
0:46.3	or hanging on to it.
0:48.3	What do you make?
0:49.3	Nothing.
0:50.3	I'm a stay at home mom.
0:52.3	What's he going to do?
0:53.3	Um, he's looking at just
0:56.9	getting a local job here possibly electrician apprenticeship but I mean we'd be
1:02.7	making hardly anything and he's not gotten a paycheck from work in probably
1:06.3	three months how are you eating um we have we had a stocked pantry that we've been working our way through, and there's a food pantry
1:15.4	locally that we've been, you know, going through and WIC.
1:18.3	How are you paying the light bill?
1:21.2	We had a last month, but I don't know if we're going to this month.
1:27.4	Okay.
	...

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