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The Ramsey Show

Why Car Payments Are Keeping Americans in the Middle Class

The Ramsey Show

Ramsey Network

Education, Investing, Business, Self-improvement

4.5 โ€ข 38.5K Ratings

๐Ÿ—“๏ธ 8 October 2024

โฑ๏ธ 84 minutes

๐Ÿงพ๏ธ Download transcript

Summary

๐Ÿ“ฑWatch the full episode for free in the Ramsey Network app. Ken Coleman & Jade Warshaw answer your questions and discuss: "Should I change jobs to help pay off debt?" "How should I invest after selling my business?" "Which credit card should I get for my son?" "Spend $6K to see Taylor Swift with my daughter?" "My mortgage is 65% of our income," "I'm getting $3.1M from my divorce settlement," Support Our Sponsors: ๐ŸŒฑ Get 10% off your first month of BetterHelp ๐Ÿฅ Learn more about Christian Healthcare Ministries ๐Ÿก Get started today with Churchill Mortgage ๐Ÿฆ Go to FAIRWINDS Credit Union for an exclusive account bundle! ๐Ÿ’ค Visit Helix Sleep for special offers! ๐Ÿ’ป Visit NetSuite today to learn more ๐Ÿ—‚๏ธ Use promo code RAMSEY for18% off at The Nokbox ๐Ÿ›Get started with YRefy or call 844-2-RAMSEY ๐Ÿ” Visit Zander Insurance for your free instant quote today! Next Steps ๐Ÿ“ž Have a question for the show? Call 888-825-5225 Weekdays from 2-5pm ET or click here! ๐Ÿ  How to Buy a Home Course ๐Ÿ’ต Start your free budget today. Download the EveryDollar app! ๐ŸŽŸ๏ธ See Dave and John LIVE in a city near you! Listen to more from Ramsey Network ๐ŸŽ™๏ธ The Ramsey Show ย  ๐Ÿง  The Dr. John Delony Show ๐Ÿธ Smart Money Happy Hour ๐Ÿ’ก The Rachel Cruze Show ๐Ÿ’ธ The Ramsey Show Highlights ๐Ÿ’ฐ George Kamel ๐Ÿ’ผ The Ken Coleman Show ๐Ÿ“ˆ EntreLeadership Learn more about your ad choices.ย https://www.megaphone.fm/adchoices Ramsey Solutions Privacy Policy

Transcript

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0:00.0

The Welcome to the Ramsey Show where we help you win in your life. We want you to

0:19.0

win with your money, win in your work and win in your relationships.

0:23.5

I'm Ken Coleman, Jade Warshaw is alongside,

0:25.6

and we're here for you.

0:26.4

The phone number is AAA 825.

0:29.2

5225.

0:30.7

That's AAA 825, 5225.

0:30.7

That's AAA, 8 825. 5. 225.

0:35.0

All right, let's get it started with Taylor in Los Angeles.

0:38.0

Taylor, how can we help?

0:40.0

Hi guys, thanks for taking my call. How are you?

0:43.0

Good, how are you?

0:45.0

Good, thanks.

0:46.0

So pretty much from backstory, my husband and I have about like $105,000 in debt between credit cards, cars and student loans. and

0:55.0

$5, $5,000 in debt between credit cards, cars and student loans.

0:55.2

And right now, he makes $8,400 a month,

0:58.6

and like we're breaking even between like rent bills and whatever. My question is I've been doing here for three years

1:06.4

off and on and I've been doing it consistently for like the past four months now and I'm

1:12.0

just barely breaking even I feel like I'm not seeing the profit. So my question is, would you advise like getting a different job, like a full-time job where I'm bringing in more income because I finished the total money makeover and I feel like my mindset has changed about money and I feel like I need to bring in more income in order to make a debt and our debt, but I don't want to quit what I went to school for.

1:37.4

You know what I mean?

1:38.4

Well, maybe it's not a matter of quitting it, maybe it's just a matter of adding to until you're making the money that you want to make.

1:46.5

Because I think you know the answer to this, yeah, you do need to be making money.

...

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