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The Ramsey Show Highlights

You're So Scared You're Not Thinking Clearly

The Ramsey Show Highlights

Ramsey Network

Self-improvement, Education, Investing, Business

4.6682 Ratings

🗓️ 27 July 2024

⏱️ 8 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! 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

Brought to you by the Every Dollar app.

0:04.3

Start budgeting for free today.

0:06.5

I owned my own insurance practice and financial practice a couple of years ago.

0:12.4

And basically, it was costing me more money than what I was making.

0:16.5

And I pumped all my savings and I even cleared out some broths to keep it afloat.

0:21.6

Well, I eventually got out of that and didn't realize the negative ledger that I had,

0:27.8

the negative account that I had would go into collections.

0:31.3

Well, I started paying and then they started calling me on a biweekly basis and then it became,

0:36.0

you know, six, seven times a week.

0:38.6

And I was making consistent payments of 30 to 50 bucks a month.

0:42.7

But they've stopped calling me, and I just want to, you know, I don't want to just think

0:49.2

this thing has gone away and that, you know, should I be worried about them drawing up a lawsuit against me?

0:56.1

What is the debt for?

0:59.0

So I actually, I actually did the exact opposite of what you believe in regarding. I sold

1:05.0

whole life insurance, variable whole life and annuities. And, um, you know, so this is commissioned chargebacks.

1:13.5

Yeah, yeah, exactly.

1:14.8

When you get paid at this, when you get paid, you're not really getting.

1:17.4

I know.

1:17.8

I know.

1:18.0

And so these are commission chargebacks.

1:19.9

So the company that you used to sell insurance for is going to sue you.

1:24.6

No, so not yet.

...

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