You Make $200,000 and You're Broke!

The Ramsey Show Highlights

Ramsey Network

Business, Education, Investing, Self-improvement

4.5 • 839 Ratings

🗓️ 28 January 2026

⏱️ 8 minutes

🔗️ Recording | iTunes | RSS

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Transcript

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0:00.0	Brought to you by the Every Dollar app. Start budgeting for free today.
0:06.0	I know you guys said something about a savings should be around 1,000. We have about 9,000 in our savings and we have a car.
0:14.0	The one car that we have is debt that we want to pay off and that's roughly around 10 to 11,000.
0:18.0	Okay.
0:19.0	And we're just kind of not used to not having some kind of, I guess,
0:22.9	oh, crap money to fall back into.
0:25.4	Is that your only debt?
0:28.3	No, we have the car.
0:30.5	And as I've been listening to the books and what you guys say,
0:33.8	I've been lied to, so you must excuse me about this.
0:36.8	But we have the car, we have two
0:38.4	lease trucks. Our biggest is our house, our mortgage. And then from what I understand, we have
0:43.6	two loans that we took out on our 401 or Roth. But we pay ourselves back on those ones.
0:50.4	Well, yeah. But you unplugged all the growth and paying interest.
0:54.8	Yes, sir. Okay. I'm less concerned about your, oh, crap emergency fund and more of your oh, crap debt that you guys have racked up.
1:01.5	How much do you guys make?
1:04.0	Between me and my wife, total probably around 200.
1:07.3	Wow. That's a great income.
1:10.5	Yeah, we're just not great. So, I mean, we ran into some
1:14.5	issues. We moved in and we outlived. Let's just say we outlived what we had and when we had
1:19.0	coming in until we got to the point where we were just about underwater. The wife had $34,000, I think,
1:25.2	on her cards. I took the loan out of my 401 to pay her card off. She took another loan out to pay the credit card off. So once the credit card was paid off, I thought, well, man, we should be getting an extra $1,500 a month, and it just didn't start equating to that. It just disappeared into more spending lifestyle cream. You got it, 100%. That's the American dream right there. You summed it up. Okay, so you've been
	...

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