We Put $112k on Credit Cards for Our Wedding

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Ramsey Network

Self-improvement, Education, Investing, Business

4.6 • 682 Ratings

🗓️ 20 January 2023

⏱️ 10 minutes

🔗️ Recording | iTunes | RSS

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Summary

The Ramsey Call of the Day is a quick, daily dose of advice on life and money in under ten minutes. Hear from experts like Dave Ramsey, Ken Coleman, Rachel Cruze, Dr. John Delony, George Kamel, Kristina Ellis, & Jade Warshaw. Part of the Ramsey Network. Delivered to you five days a week. 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	This is the Ramsey Call of the Day, part of the Ramsey Network.
0:10.8	Renee joins us up next in Cleveland.
0:13.3	Renee, welcome to The Ramsey Show.
0:15.4	Thank you so much for taking my call.
0:17.8	Recently got married, and we got ourselves into $112,000 of debt.
0:25.9	Yes.
0:26.5	Just from the wedding?
0:28.0	Just from the wedding.
0:29.1	Oh, my.
0:29.8	The ring.
0:31.8	Holy cow.
0:32.8	And I wasn't even invited.
0:34.8	The party of the century, and we weren't even there, George. Does that ring look
0:38.9	like a disco ball? Yeah, exactly. It's pretty much that, yes. Oh, my goodness. Okay. Yes. Well, we're here.
0:46.4	So, I want to, we, you know, other than a old college, you know, loan debt of about 40 grand, we don't have any other consumer debt.
1:00.5	We own three properties together.
1:04.8	One fully paid off probably worth about 600 to 700 K.
1:10.7	The other two have mortgages on it. And my husband has about
1:16.7	395 in stocks and bonds. Oh. Okay. So there's good news here, which is you guys have a pile of
1:25.2	money to clean this up. The question is, is he willing
1:28.0	to cash out those stocks and bonds to put you guys in a place financially that will cause you to
1:32.6	succeed in this marriage? That's a million dollar question. I'm sorry. That's all right. Hey,
	...

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