What To Do When You Feel Overwhelmed About Money

The Ramsey Show

Ramsey Network

Education, Investing, Business, Self-improvement

4.5 • 38.5K Ratings

🗓️ 21 November 2023

⏱️ 117 minutes

🔗️ Recording | iTunes | RSS

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Summary

Rachel Cruze & Jade Warshaw answer your questions and discuss: "We have $200k in student loan debt," "Should I move back in with my parents?" "Should I get life insurance for my baby?" "Navigating social obligatons on a budget," "How can I save to pay cash for a house?" "How do I invest to create a passive income?" "Getting spouse on the same financial page," Dealing with a 9-to-5 schedule, "Should we move or pay off our home?" "Should I pay off my student loans or car first?" "What is the 25% rule for house payment?" "I am feeling overwhelmed about my finances..." "Is it okay to take out a small loan for a reliable car?" "My husband's truck is about to be repossessed" Have a question for the show? Call 888-825-5225 Weekdays from 2-5pm ET Support Our Sponsors: Zander Insurance Balance of Nature BetterHelp Christian Healthcare Ministries Neighborly Start your EveryDollar Free Account today: Click Here The Black Friday Sale is here! Shop meaningful gifts for as low as $8 this week only!: Click Here Protect yourself with the right coverage—Take our Coverage Quiz! Want a plan for your money? Find out where to start: Click Here Listen to all The Ramsey Network podcasts: Click Here Interested in advertising on The Ramsey Show? Click Here Learn more about your ad choices. https://www.megaphone.fm/adchoices Ramsey Solutions Privacy Policy

Transcript

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0:00.0	The Oh, Live from the headquarters of Ramsey Solutions. It's the Ramsey Show where we help people build wealth,
0:35.6	do work that they love and create amazing relationships. I am Rachel Cruz hosting this hour with my great friend and Ramsey personality
0:45.3	Jade Warsaw and we are here to answer your questions again about your life and
0:50.4	your money it is a free call anywhere in the country at
0:53.4	AAA 825 5 2252. All right we're gonna go to the phones at this hour and
0:59.8	we have is it Diane possibly in Dallas hey welcome to the show.
1:06.0	Hi thanks for taking the call absolutely how can we help?
1:11.2	So I'm I'm a new listener I just came across you guys recently and heard you giving some great advice and hope that I can get some as well. I have a pretty significant student long debt about $230,000.
1:28.0	Whoa, what did you get your degree in?
1:31.0	Business administration and it's a master's too, so it was two degrees, but so quite a hefty tag.
1:41.0	And then I have basically no savings or anything so I'm just trying to
1:48.8	understand how I can maybe chip away at this and get myself on track. I'm I'm 49 so I'm like I don't
1:56.7	Is it just you? Is it just you or do you have a family married?
2:00.5	I'm married? Okay and does your husband have any debt or just this one student loan you guys have together?
2:07.0	No, just this one student loan.
2:10.0	Okay, well what do you guys earn?
2:12.0	I have... Okay, well what do you guys earn? I earn about one 70 in base, but I also have like an incentive, like an annual incentive of another 20% so maybe 50 to 60. And then I do have like these like
2:32.1	stock incentives that I can cash in once a year.
2:36.0	What can you get?
2:37.0	Sorry, what can you get if you cash in the stock incentives?
2:42.0	It just depends on what the stock incentives?
2:42.8	It just depends on what the stock is trading at the time,
	...

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