You Make $350,000 And You're Broke!

The Ramsey Show Highlights

Ramsey Network

Business, Education, Investing, Self-improvement

4.5 • 839 Ratings

🗓️ 28 October 2025

⏱️ 7 minutes

🔗️ Recording | iTunes | RSS

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Transcript

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0:00.0	In today's digital world, you need ID theft protection that actually works. Protect
0:07.5	yourself at Xander.com. I'm calling because my husband and I are in a little over $300,000
0:15.6	worth of debt. About 120 of it is IRS debt and my fault.
0:24.6	But I know you say, you know, do whatever you need to do to break away from the IRS.
0:32.6	They sent notices for liens and levies and all that.
0:36.6	So we set up a payment plan, but I am wondering how desperate we need to get in this situation.
0:47.1	Very.
0:48.2	What's your household income?
0:52.1	We make about $350,000. Okay. Why, pray, tell, do you owe the IRS $100,000.
0:55.1	Okay. Why, pray tell, do you owe the IRS 120 then?
1:00.5	Well, okay, so I was previously divorced, and at that time, I'm a nurse now. I'm making
1:08.3	good money now, but at that time I was not. I had three kids. I literally
1:13.0	just put my head down and worked and worked and worked just to keep a loop over our head. I did
1:17.7	not file taxes probably for about four years. And now you've gone back, you've gotten remarried
1:23.7	and now you've gone and filed. filed yes I went and filed and then our
1:28.5	income together is just way too much so obviously we owed that first year so
1:33.6	yeah okay and what's the rest of the 300 thousand dollars in debt
1:37.0	um so we've got about a hundred in student loans and the rest of it is credit cards and personal loan.
1:48.0	Okay.
1:49.0	All right.
1:50.0	And so you've got $80,000 in credit card debt?
1:55.0	Yep.
	...

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