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The Ramsey Show Highlights

"You're Not Doing Math Well"

The Ramsey Show Highlights

Ramsey Network

Business, Education, Investing, Self-improvement

4.5839 Ratings

🗓️ 29 September 2025

⏱️ 7 minutes

🧾️ Download transcript

Summary

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Transcript

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0:00.0

Brought to you by the Every Dollar app.

0:04.3

Start budgeting for free today.

0:06.7

So right now I'm considering taking money out of my 401k to pay off my total debt.

0:13.8

Right now I have a total of $35,020 in total debt.

0:20.1

And it's really the credit card that I

0:22.4

have that's killing me is a 25 there's 27.8% APR on it which is ridiculous and it's

0:29.2

and it's you know what is the 35 give me the breakdown on the 35,000 of debt

0:35.1

okay I have um 13,000323 owed to the federal government

0:41.4

from taxes. I have $13,250 owed to Chase. That's the credit card. I have $4,909 owed to my car, and then I have an additional $1,138 owed to a TD to another TD credit card.

1:01.0

Okay, and what do you make, sir?

1:05.0

I make, my household income is $205,000.

1:10.0

Wow. It's a great income. Why do you owe taxes?

1:15.1

So when my wife and I were, my wife and I, I've been married for nine years,

1:19.3

we went through a really rough cash, so probably like two to three years. At some point,

1:23.8

we were separated, and we were just not on the same page.

1:27.7

We used to be really intense about our budget meetings and we'll meet every day.

1:34.0

We actually paid, we actually were a graduate from FTAU.

1:37.3

Honey, why do you owe taxes?

1:39.3

Oh, because it was, I changed my tax.

1:45.2

I changed my tax to having, to being single on my taxes.

1:50.8

And then when I tried to change it back, you don't have a formal HR department.

1:55.1

So they, I was making changes, but there was a glitch in the system that kept reverting back to a single state.

...

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