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The Ramsey Show

What Should We Be Doing With Our Money? (Hour 2)

The Ramsey Show

Ramsey Network

Investing, Education, Business, Self-improvement

4.538.5K Ratings

🗓️ 28 July 2023

⏱️ 40 minutes

🧾️ Download transcript

Summary

Ken Coleman & George Kamel answer your questions and discuss: "Should I take an unwanted promotion to pay off debt?" How technology is and isn't changing the workplace, "What should we be doing with our money?" "When is it OK to make a career change?" "How do we budget an inconsistent income?" "Do you have any tips on taxes and investing?" "Can I afford to buy a house when I have debt?" Support Our Sponsor: Zander Insurance 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/george 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

Transcript

Click on a timestamp to play from that location

0:00.0

Music

0:28.5

Live from the headquarters of Ramsey Solutions broadcasting from the pods moving and storage studio

0:33.8

This is the Ramsey show or we help you win in your life

0:38.1

Specifically your money your work and your relationships

0:41.7

Triple eight eight two five five two two five is the phone number triple eight eight two five five two two five

0:47.5

I'm Ken Coleman joined by the incomparable the inimitable

0:52.2

George Campbell the incoherable some might sufferable some would say

0:56.8

But I think he's pretty fantastic and we have a lot of fun together and we're here to help you. Let's go

1:02.7

Megan is up in the windy city Chicago, Illinois, Megan. How can we help?

1:08.8

Hi, I have been with my current company for just under seven years and was recently approached by a leader within my department

1:17.0

To apply for a position that they have with their team and so I'm just looking for advice. I love my current team

1:23.6

My leader the work that I do. I'm a little bit apprehensive to apply for this new position

1:28.4

However, it would come with a salary increase and my family and I are in baby step two

1:33.6

So I'm just wondering do I listen to my guts my husband both of which are usually correct

1:39.8

Or do I seek out this opportunity that would come with a little bit of a pay bump in order to pay down that debt faster

1:46.7

All right, I want to get the facts and George and I are weighing on this but based on what I hear

1:52.2

You should always trust your gut

1:55.9

And the husband agrees with the gut. That is two for two there

2:00.7

Uh, but let's look at this and because you also said a little bit of a pay bump which tells me it's the ROI on this of changing

2:08.3

And everything that goes with changing is probably not worth it, but but what are you making now and what would you make if you took this promotion?

2:15.2

Sure, so currently I make 86 and I think that I could get close to about a hundred K

2:20.8

Um, but our household currently is at 148 K

...

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