What To Do When You're In Financial Crisis

The Ramsey Show Highlights

Ramsey Network

Business, Investing, Education, Self-improvement

4.5 • 839 Ratings

🗓️ 5 January 2026

⏱️ 10 minutes

🔗️ Recording | iTunes | RSS

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Transcript

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0:00.0	Brought to you by the Every Dollar app.
0:04.3	Start budgeting for free today.
0:06.5	When you are in crisis with your money, here's what you do.
0:13.6	Take four steps back.
0:17.0	You're too close.
0:20.0	And you can't see the forest for the trees meaning you got you have a tree
0:23.3	branch stuck in your nose and you can't see past it and then the drama builds up in your head
0:29.9	and you spin out and when you spin out you are of no value for critical thinking
0:37.2	because when you drop into lizard you are of no value for critical thinking.
0:41.5	Because when you drop into lizard brain, fight or flight mode,
0:44.6	which is where our last caller was,
0:48.0	that means you've slipped everything into the front side of your brain and there's no critical thinking skills there.
0:51.4	And cleaning up a financial mess, ascertaining where the financial mess came from
0:58.0	so that it doesn't come back is a critical thinking process. So it requires that you take a deep
1:05.2	breath, take a cold shower, two steps back, and start going, okay, I'm going to pretend someone hired
1:13.7	me to talk to these people, and these people happen to be me. And I'm going to start walking
1:20.2	that through. Then the first thing you do is you make sure that the family has money for food,
1:25.7	not restaurants, food.
1:29.8	Restaurants aren't food.
1:31.1	Restaurants are entertainment.
1:33.5	Food.
1:34.8	And that the family has the lights and the water and the gas bill paid, the heat is on.
	...

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