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The Ramsey Show Highlights

We Make $300,00 And Can't Pay Off Debt

The Ramsey Show Highlights

Ramsey Network

Investing, Self-improvement, Education, Business

4.5840 Ratings

🗓️ 24 November 2025

⏱️ 10 minutes

🧾️ Download transcript

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.

0:06.5

For one split second in 2020, my wife and I, I'm 54, she's 52. We make decent money.

0:14.5

She makes about 170. I make about 115. We have three children. One of them is in college, two in high school. And for one split

0:22.6

second, and around this time in 2020, right in the middle of the pandemic, we were on baby step

0:29.8

seven. We had everything. We had paid off the house. We did everything. But now we're kind of

0:37.2

like, okay, obviously we have step one. We have step four. We invest probably 25% of our entire entire income into retirement. Hold on. Did you go back after you paid off everything? Did you go back and borrow some more money? Oh, yes. Oh, no, Carlos. What did you do? Backwards.

0:55.0

We're supposed to go forwards.

0:56.0

Like, one, two, three, four, five, six, seven, you

0:58.0

won.

0:59.0

It's like you crossed the marathon finish line.

1:01.0

You're like, you know what, I'm going to go back to the starting line and start again.

1:03.0

What happened?

1:04.0

Meet every dollar budgeters Christy and Steve.

1:07.0

They used to fight about money.

1:09.0

I'm the spender. I'm definitely the saver. Now that they budget with every dollar, they're on the same page. Money is definitely one thing we do not ever fight about. Having the budget gave me the permission to spend. Knowing that the money is in each category, it just allowed us to work together better. Now that's what we call a win-win. Now we just have to pick paint colors. We can't help you

1:29.9

with that. Every dollar, create your free account today. What happened? Well, like I said, we were

1:37.2

ready to start step seven and, you know, things started opening up after COVID and we're like, we would like to go here, we like to go there, and we like to, you know, things started opening up after COVID and we're like, we like to go here.

1:46.1

We like to go there and we like to get this Mercedes and next thing you know, we're...

1:51.3

Oh, Carlos.

1:52.3

Oh, no.

1:53.0

You're living in Miami.

1:54.1

You went full Miami.

...

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