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The Ramsey Show Highlights

You’re Probably Not Going To Like My Answer

The Ramsey Show Highlights

Ramsey Network

Investing, Self-improvement, Education, Business

4.5840 Ratings

🗓️ 7 August 2024

⏱️ 9 minutes

🧾️ Download transcript

Summary

💵 Start your free budget today. Download the EveryDollar app! 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 📞 Have a question for the show? Call 888-825-5225 Weekdays from 2-5pm ET or click here! 📝 Share your thoughts on the show! Listen to more from Ramsey Network 🎙️ The Ramsey Show   🧠 The Dr. John Delony Show 🍸 Smart Money Happy Hour 💡 The Rachel Cruze Show 💰 George Kamel 💼 The Ken Coleman Show 📈 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

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0:00.0

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0:06.7

I made the decision to loan out money to family and friends of mine in the total sum of just over $8,000.

0:20.5

And as time goes on, given the lifestyles that they lead, it's starting to leave a sour taste

0:29.0

in my mouth a little bit.

0:30.8

So I guess my question is, how do I hold them accountable to, you know, make me whole

0:37.1

and pay me back without, um,

0:39.9

straining the friendships and, um, my marriage, because I just got married in November.

0:46.4

And my wife, um, but, you know, this was before we got married, but she had vouched for

0:51.7

her, uh, cousin as somebody for me to loan out money, too. That's

0:56.9

three of the eight grand, and it's been over a year, and I've only seen, you know, 500 of it

1:01.7

since. What is your income? Yeah, just over 100. I'd sell software, so it's a little bit

1:09.5

variable, but it's been, you know,

1:11.4

over 100 for the past three years. Why did you become the lender?

1:17.4

Was it word of mouth? Hey, this guy will own you some money. Go to him.

1:24.4

So my wife's cousin originally owed money to who is now my mother-in-law and

1:32.0

the cousin didn't like how, um, difficult or tough to work.

1:40.2

It just, it sounded like the mother-in-law was trying to hold her accountable and put

1:43.6

her feet to the fire and was complaining to my wife about it.

1:46.8

And my wife kind of turned to me and said, hey, I know you've got some money.

1:51.6

Can we help her out?

1:54.2

And then my other friend just kind of knew that I was in a good position.

1:59.9

And I, I mean, he didn't ask me for the money. I just knew that he was in a good position. And he didn't ask me for the money.

...

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