You'll Never Build a Strong Future On A Shaky Foundation

The Ramsey Show

Ramsey Network

Business, Education, Investing, Self-improvement

4.6 • 36.7K Ratings

🗓️ 23 July 2025

⏱️ 128 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 Ken Coleman answer your questions and discuss: "What's the best way to teach our adopted daughter financial responsibility?" "How do I navigate my finances after a divorce?" "Can I invest in a side hustle while in Baby Step 2?" "Should I pay off my $400,000 business loan?" "My parents don't support my dream of becoming a fire fighter..." "My husband hid $75,000 of debt from me and won't talk about it. Can our marriage survive this?" "We won $1M on a scratch off and wonder what our first steps should be." "I'm 26 and drowning in $250,000 of debt, how do I get out of this?" "Is it time to call it quits on my business?" "I'm my mother's power of attorney, what should I do with her investments?" "I'm 64 with $80,000 in retirement and I was just laid off, what do I do next?" "Should I refinance my house to build a rental on my property?" "Do I keep fighting for my dad’s business or walk away?" "The home we purchased is costing more than we anticipated. How do we financially attack this while paying off debt?" 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.⁠⁠⁠⁠⁠ 📱 Get episodes early in the free Ramsey Network app! 💵⁠⁠⁠⁠ ⁠Start your free budget today. Download the EveryDollar app! 📈 For help with investing, get connected with a SmartVestor Pro.⁠⁠⁠⁠ 🏠 ⁠⁠Find a Ramsey Trusted Real Estate Agent⁠⁠ ⛓️‍💥 ⁠⁠Tired of debt? Grab Breaking Free From Broke now!⁠⁠ 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 is a paid, non-client promoter of SmartVestor Pros. ⁠⁠⁠⁠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.
0:13.0	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.
0:28.8	I'm Dave Ramsey, your host, Ken Coleman Ramsey personality, number one, bestselling author, and host of the new hit, runaway hit on the Ramsey Network.
0:57.8	It's called Front Row Seat. He's my co-host today. Thanks for hanging out with us, America. Jasmine is in Austin, Texas. Hi, Jasmine. How are you? Better than I deserve, but I could share you some advice. I hear you. We'll try. How can we help? I am halfway through Baby Step 3, and the other characters in my question are my ex-husband,
1:02.4	who's a good guy, but a bad financial role model, and our daughter, who we adopted through foster care,
1:04.3	who's about to turn 18.
1:11.1	Since we adopted through foster care, she receives a stipend, or will we receive a stipend for her care every month?
1:21.4	And we've just gotten approval based on some special needs for her for that stipends to be not only continued to the age of 21, but also increased fairly significantly.
1:31.1	And I am really excited to use that as a tool to empower her financially, help her, you know, start out really strong.
1:32.4	Kind of exciting that you're on here.
1:35.0	I actually, she, I convinced her to read Paycheck to Purpose with me last year when she
1:38.7	was looking for her first job.
1:41.5	She did it, but she decided she wanted to start with Paycheck and didn't really care about
1:44.1	the purpose at that point.
1:46.1	That's not abnormal.
1:48.4	Yeah.
1:50.1	But I have hopes.
1:51.3	I have hopes.
1:52.0	And so, yeah, I know that you talk a lot about financial education with kids, but it feels a little bit different.
1:57.2	And my co-parent has very reasonably pointed out that if you just give
2:01.4	a teenager a bunch of money every month, that's not helping them. And, yeah, what's the best way
2:08.5	to handle this? Well, Ken, as it would be, happens to have two of his three are adopted and
	...

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