You Can't Build Wealth While Buried In Payments

The Ramsey Show

Ramsey Network

Business, Education, Investing, Self-improvement

4.6 • 36.7K Ratings

🗓️ 8 August 2025

⏱️ 126 minutes

🔗️ Recording | iTunes | RSS

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Summary

📈⁠⁠ ⁠Are you on track with the Baby Steps? Get a free personalized plan.⁠⁠⁠ Dave Ramsey and Rachel Cruze answer your questions and discuss: “Can I buy my mom a house and keep it from my husband?” Why co-signing for anyone is a horrible idea. Setting boundaries with your passive-aggressive family. Mixing family and money rarely goes well. The essentials of investing. “Should I help my son pay for college?” Breaking the cycle of credit card debt. The best way to budget on a fluctuating income. Next Steps: ✔️⁠⁠ ⁠Help us make the show better. Please take this short survey.⁠⁠⁠ 📞 Have a question for the show? Call 888-825-5225 weekdays from 2–5 p.m. ET or⁠⁠ ⁠send us an email⁠⁠. 💵⁠⁠ ⁠Start your free budget today. Download the EveryDollar app! 📖 Your Total Money Makeover starts here. 🏫 ⁠Lead a Financial Peace University class!⁠⁠ 🏠 Find a Ramsey Trusted Real Estate Agent Connect With Our Sponsors: Stop paying more and start shopping smarter at ⁠⁠ALDI⁠⁠. Get 10% off your first month of⁠⁠ BetterHelp⁠⁠. Go to ⁠⁠Boost Mobile⁠⁠ to switch today! Learn more about⁠⁠ Christian Healthcare Ministries⁠⁠. Get started today with⁠⁠ Churchill Mortgage⁠⁠. Get 20% off when you join ⁠⁠DeleteMe⁠⁠. Go to⁠⁠ FAIRWINDS Credit Union⁠⁠ for an exclusive account bundle! Find top health insurance plans at ⁠⁠Health Trust Financial⁠⁠. Use code RAMSEY to save 20% at ⁠⁠Mama Bear Legal Forms⁠⁠. Visit⁠⁠ NetSuite⁠⁠ today to learn more. For more information, go to ⁠⁠SimpliSafe⁠⁠. Use promo code RAMSEY for 18% off at ⁠⁠The Nokbox⁠⁠. Get started with ⁠⁠YRefy⁠⁠ or call 844-2-RAMSEY. Visit⁠⁠ Zander Insurance⁠⁠ for your free instant quote today! Explore more from Ramsey Network: 💸 ⁠⁠The Ramsey Show Highlights⁠⁠ 🧠 ⁠⁠The Dr. John Delony Show⁠⁠ 🍸 ⁠⁠Smart Money Happy Hour⁠⁠ 💡 ⁠⁠The Rachel Cruze Show⁠⁠ 💰 ⁠⁠George Kamel⁠⁠ 🪑 ⁠⁠Front Row Seat with Ken Coleman⁠⁠ 📈 ⁠⁠EntreLeadership⁠⁠ ⁠⁠Ramsey Solutions Privacy Policy⁠⁠ Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Brought to you by the Every Dollar app.
0:06.3	Start budgeting for free today.
0:11.0	Live from the headquarters of Ramsey Solutions, it's The Ramsey Show, where we help people build wealth, do work that they love and create actual amazing relationships.
0:26.0	Rachel Cruz, number one bestselling author, host of the Rachel Cruz show on the Ramsey
0:30.3	Networks.
0:31.6	Ramsey personality and my daughter, she's my co-host today.
0:34.7	Open phones at AAA 825-5-225.
0:39.4	Emily is in Missouri.
0:40.7	Hi, Emily.
0:41.2	How are you?
0:42.5	Hi, how are you?
0:43.5	Better than I deserve.
0:44.6	What's up?
0:46.2	Okay, well, here's my situation.
0:49.1	I started my job at 19, and I invested in the 401k that the company has and I married my husband when I was
0:58.6	in my late 30s. Now I'm in my early 50s. My mom wants to downsize, but she, I want to buy her a house
1:09.1	so she could free up the equity in her house and be able to retire because she's in her mid-70s.
1:15.4	And I want to do it to where I want to pull it out of my 401K and buy this.
1:22.4	But I also want to not stir up problems with my current husband, you know, because he's financially selfish.
1:32.4	He likes to spend the money. He doesn't. I asked if she can move in with us. He said no. I said,
1:39.1	let's go find another house big enough for all of us. He said no. I said, then fine, I'm going to buy a house for her. He said no. And I really want to do this for her so she can retire with her. She could retire. I don't want her to have to work for the rest of her life. So I want to know how I can do this. If I can pull money from my 401K, put it into her trust,
2:02.6	and then buy the house through her trust so it's protected. Because I would hate for something
	...

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