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The Ramsey Show

What Fed Interest Rate Hikes Mean for You (Hour 1)

The Ramsey Show

Ramsey Network

Investing, Self-improvement, Education, Business

4.538.5K Ratings

🗓️ 23 June 2023

⏱️ 41 minutes

🧾️ Download transcript

Summary

Ken Coleman & Rachel Cruze answer your questions and discuss: "Should I sell stocks to pay off my car?" from the blog: Should I Use My Investments to Pay Off Debt? How the Fed raising interest rates affects you and your money, Saving for a house while paying off debt, "I feel stuck in my career", Support Our Sponsor: NetSuite Zander Insurance BetterHelp Neighborly Have a question for the show? Call 888-825-5225 Weekdays from 2-5pm ET Here's an EveryDollar deal just for our listeners: get a 14-day free trial PLUS $15 off your first year of premium. Click the link below and start budgeting today! www.everydollar.com/TRS Want a plan for your money? Find out where to start: https://bit.ly/3cEP4n6 Listen to all The Ramsey Network podcasts: https://bit.ly/3GxiXm6 Interested in advertising on The Ramsey Show? https://ter.li/s64ye3 Ramsey Solutions Privacy Policy Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

1

0:30.0

Live from the pods moving and storage studio. This is the Ramsey show where we help you win in your life

0:37.3

Specifically your money life your work life and your relationship life

0:41.3

I'm Ken Coleman joined by my colleague Rachel Cruz and we're here for you this hour

0:46.7

It is your show America. So what are your questions? What do you got?

0:50.6

We always love having that conversation with you

0:53.3

It's a free phone called triple 8 825 225 triple 8 825

0:58.2

5225 Rachel you're ready to go absolutely

1:01.8

You look fantastic on this summer day. There it is. So there we go. We've never done this before

1:07.4

There it is you'll see a lot of that on the smart money happy hour project with George Camel our colleague a lot of

1:13.9

Cheers going on over there a lot of fun times over there. We should I wonder what do I got to say to James

1:20.1

Childs our fearless producer to have a little bit of that come on over here

1:23.2

I don't know we'll have to talk about that on many commercial breaks

1:26.5

But let's get going

1:28.5

Monifa is up first in Washington DC. Monifa. How can we help?

1:33.9

Hi, thanks for taking my call Ken and Rachel

1:37.1

So my question I

1:39.7

recently

1:40.7

purchased a new car

1:42.7

Because my car died on me. I hadn't I wasn't expecting to buy one for similar two to three years and

1:49.2

So now I have a bit of debt and my question is

1:53.7

I have the option of paying that that often seeing stocks but

...

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