Why Your Degree Is Not a Guarantee of Success

The Ramsey Show Highlights

Ramsey Network

Self-improvement, Education, Investing, Business

4.6 • 682 Ratings

🗓️ 10 April 2025

⏱️ 8 minutes

🔗️ Recording | iTunes | RSS

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Summary

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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.
0:06.7	My question for you is, should I spell my rental property to pay off my student loan debt?
0:13.6	Wow.
0:14.1	How much student loan debt you got?
0:16.3	A lot, $338,000.
0:21.6	That is a lot.
0:23.3	Are you a doctor or a lawyer?
0:24.8	Lawyer.
0:25.6	Okay.
0:27.0	And what's your income?
0:37.6	So, excluding, like, the rental property, it's 95, around 95 to 100,000.
0:38.8	How long have you been on the law school?
0:41.5	Since 2019.
0:42.4	Okay.
0:45.3	When are you going to start making some more money with your law degree?
0:46.9	I know.
0:52.8	Yeah, I guess that's a problem.
0:58.5	You spend a lot of money on a law degree because you could make a lot of money,
1:00.1	and now you're not making a lot of money.
1:01.4	Right.
1:03.5	Diesel mechanics make more than you.
	...

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