"You Make $400,000 And Owe $700 On A Mattress?"

The Ramsey Show Highlights

Ramsey Network

Investing, Self-improvement, Education, Business

4.5 • 840 Ratings

🗓️ 2 November 2025

⏱️ 5 minutes

🔗️ Recording | iTunes | RSS

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Summary

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Transcript

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0:00.0	If your private student loans are in default, you're not out of options.
0:06.6	Go to yrefi.com slash Ramsey.
0:09.2	Call then to see if it was appropriate or what should I do first before purchasing a higher-end timepiece.
0:19.8	Cool. What's the watch?
0:23.1	Looking at various brands, the typical Rolex, Panor-I, Omega, I haven't really narrowed it
0:30.4	down, but kind of feel guilty.
0:33.0	You're thinking about a budget of what?
0:34.3	10-20, right?
0:36.4	10-ish.
0:54.9	Yeah, okay. It's my first one. I'm guilty spending that much money on myself. I don't feel guilty spending on you if you've got it. Do you have any debt? We've got a house, a car, one of the cars that's free and clear, and then no other debt besides that. Well, I got a theft up.
1:00.0	We owe $700 on a mattress that I could pay off right now.
1:01.4	How much do you on the car?
1:03.2	No, you don't need to buy a $10,000 watch.
1:03.9	You have a car debt.
1:05.0	Okay.
1:06.0	You're broke.
1:07.5	What do you make?
1:11.8	This year, I will eclipse 400.
1:13.9	Good God.
1:15.4	What do you do?
1:15.9	You know, anywhere.
1:17.4	I'm in the mortgage industry.
	...

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