"You're Not Bankrupt, You Just Don't Have A Plan"

The Ramsey Show Highlights

Ramsey Network

Self-improvement, Education, Investing, Business

4.6 • 682 Ratings

🗓️ 2 June 2025

⏱️ 8 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

📈 Are you on track with the Baby Steps? Get a Free Personalized Plan Did you miss the latest Ramsey Show episode? Don’t worry—we’ve got you covered! Get all the highlights you missed plus some of the best moments from the show. Watch entertaining calls, Dave Rants, guest interviews, and more! Next Steps 💵 Start your free budget today. Download the EveryDollar app! - https://ter.li/446mhy 🏘️ Find a Ramsey Trusted Real Estate Agent - https://ter.li/ko6rqk 📞 Have a question for the show? Call 888-825-5225 Weekdays from 2-5pm ET or click here! Listen to more from Ramsey Network 🎙️ The Ramsey Show 🧠 The Dr. John Delony Show 🍸 Smart Money Happy Hour 💡 The Rachel Cruze Show 💰 George Kamel 🪑 Front Row Seat with Ken Coleman 📈 EntreLeadership Learn more about your ad choices. https://www.megaphone.fm/adchoices Ramsey Solutions Privacy Policy Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

Click on a timestamp to play from that location

0:00.0	Brought to you by the Every Dollar app.
0:04.3	Start budgeting for free today.
0:06.6	My wife and I basically live paycheck to paycheck.
0:10.5	We are in so much debt that we're drowning,
0:14.5	and I'm trying to figure out if we should file for bankruptcy.
0:16.9	Oh, man, I'm sorry.
0:18.7	It's pretty scary.
0:19.6	How long you've been married?
0:21.6	13 years. Wow. What kind. How long you've been married? 13 years.
0:22.7	Wow. What kind of debt have you got?
0:25.9	So it's split between a few credit cards, some payday loans, and a van payment.
0:34.9	What do you owe on the van?
0:37.8	We owe $26,000.
0:39.5	How much is the payment?
0:42.6	$598.
0:43.7	Good Lord.
0:44.7	And how much a payday lender stuff have you got?
0:47.6	$15,000.
0:49.1	Okay.
0:50.0	All right.
0:50.4	And then how much credit cards have you got?
0:55.1	So there is a loan for about $13,000.
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from Ramsey Network, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Ramsey Network and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.