You Can’t Win with Money if You Keep Borrowing It

The Ramsey Show

Ramsey Network

Business, Education, Investing, Self-improvement

4.6 • 36.7K Ratings

🗓️ 12 May 2025

⏱️ 88 minutes

🔗️ Recording | iTunes | RSS

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Summary

📈 ⁠⁠Are you on track with the Baby Steps? Get a Free Personalized Plan⁠⁠ 📱 Watch the full episode for free in the Ramsey Network app. George Kamel & Jade Warshaw answer your questions and discuss: "How do I get out of $520K in mortgages that my deceased father took out in my name?" "My wife told me she wants a divorce. Should we stop paying off debt?" "How specific should a budget be?" "Should I pay off my HELOC in Baby Step 1 or 6?" "I can't get life insurance due to a heart transplant so should I invest more instead?" "I've been stuck on Baby Step 1 for three years. How do I stabilize my finances?" "My husband and I disagree on how to pay for our beach house. What should we do?" Next Steps: ✅ ⁠⁠Help us make the show better by taking 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.⁠⁠ 🎟️ ⁠⁠⁠⁠⁠Dave Ramsey and John Delony are going on tour this month! Get tickets today⁠⁠ 🏠 ⁠⁠Get organized and prepared to buy or sell a home. ⁠⁠ 💰⁠⁠⁠Hurry—Your chance to win $5k is almost over! Enter the Ramsey Cash Giveaway today!⁠⁠⁠ 💵⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ ⁠⁠⁠⁠⁠⁠⁠⁠⁠Start your free budget today. Download the EveryDollar app!⁠⁠⁠⁠⁠ 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! 🥗 Save 15% on your first ⁠⁠Field of Greens⁠⁠ order with code RAMSEY ⛨ Find top Health Insurance Plans at ⁠⁠Health Trust Financial⁠⁠ 💸 To find out more about student loan refinancing, check out⁠⁠ Laurel Road⁠⁠ 💻 Visit⁠⁠ NetSuite⁠⁠ today to learn more 🗂️ Use promo code RAMSEY for 18% off at ⁠⁠The Nokbox⁠⁠ 💵 Learn more about ⁠⁠Timothy Plan⁠⁠ 🏛 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. Start budgeting for free today.
0:14.2	From Ramsey Network, this is The Ramsey Show, where we help people build wealth, do work that they love, and create amazing relationships.
0:22.2	I'm George Camel, joined by my good friend and Ramsey personality, Jade Warshaw,
0:26.6	and we're taking your calls at AAA 825-5-225. That's the only way to get on this show.
0:33.6	I mean, I guess you could email in, but good luck.
0:36.2	There's, take a bribe.
0:38.5	Jade is apparently taking bribes.
0:40.2	You can Venmo Jade to get your question to the front of the line.
0:43.2	We kid, but it's not a terrible idea.
0:45.5	Amanda's going to kick us off in Calgary.
0:47.7	What's going on, Amanda?
0:48.9	How can we help today?
0:49.8	Hi.
0:50.5	Hi, guys.
0:51.1	How you doing today?
0:52.0	Doing great.
0:53.3	Good. Yeah, I'm calling to see. My father passed away last July, and when I was backpacking about 15 years ago, we created a power of attorney to kind of protect me when I was traveling as I had one experience where all my stuff got stolen.
1:08.7	What I didn't know was that over the last 15 years, he had taken
1:11.9	out about $520,000 with of high interest mortgages. In your name? And in my name. Wow.
1:18.9	That feels like fraud to me. Yeah. So yeah, I'm just kind of, at first, it was one of those things where I just didn't know if I should go to
1:28.9	the courts for that because I was defensive and protecting my father. But since now, it's been
1:36.0	almost a year and it's not really been cleaned up at all. And I'm kind of not sure what to do
	...

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