You CAN Break the Cycle of Debt Holding You Back

The Ramsey Show

Ramsey Network

Education, Investing, Business, Self-improvement

4.5 • 38.5K Ratings

🗓️ 11 January 2024

⏱️ 117 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Dave Ramsey & Jade Warshaw answer your questions and discuss: "I'm $400k in debt...what do I do next?" "How can I avoid student loans?" "How can I encourage others to get out of debt?" "I'm worried that my help has been a waste," "How can I buy a car while paying off debt?" "Starting over after a divorce," "Do I need life insurance if I have no income?" "Should I move out on my own?" "Should I sell my business?" "Paying off debt while in college," "How should we set up our estate plan?" "Should I quit my job to be a stay-at-home mom?" "I don't know how to move forward financially," Have a question for the show? Call 888-825-5225 Weekdays from 2-5pm ET Support Our Sponsors: Zander Insurance BetterHelp NetSuite Neighborly Find a Ramsey Trusted Real Estate Agent: 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

Click on a timestamp to play from that location

0:00.0	The Oh, Live from the headquarters of Ramsey Solutions, it's the Ramsey Show, where we help people, build wealth, do work, that
0:37.4	they love and create actual amazing relationships.
0:42.6	The phone number here is AAA 825-525 Jade Washaw, Ramsey personality, best-selling author
0:49.7	is my co-host.
0:51.0	We're glad to have you with us today.
0:53.2	Chase is going to start this day off in Jacksonville, Florida.
0:57.4	Hi, Chase, how are you?
1:00.1	Hey, I'm good, Dave.
1:00.9	How are you guys?
1:01.6	Better than I deserve.
1:03.0	What's up?
1:05.0	Um, I mean my wife recently started doing your baby steps here on New Year's.
1:11.2	I got your book to tell them on money makeover. We added everything up and mortgage included we have like
1:18.1	405,000 in debt currently because we recently bought a house. We make like 146k salary combined and I'm just
1:28.2	wondering if that seems doable normal like taking a normal path or do you think we have to do something
1:34.8	drastic? Well how much of the debt is your mortgage? About 329.
1:43.0	Okay.
1:44.0	Yeah, so the way we teach at first we're just handling all the debt except the mortgage.
1:49.8	So I think if for the time being you kind of set the mortgage on the shelf and don't be
1:55.2	concerned with that just look at the other bit of debt that you've got the other 70,000 that's
2:00.6	here that's what I'd be concerned about and with your income I think it's just as
2:05.5	simple as getting on a budget and figuring out how much you can put towards this every month.
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from Ramsey Network, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Ramsey Network and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.