“You Should Fire Your Tax Advisor”

The Ramsey Show Highlights

Ramsey Network

Self-improvement, Education, Investing, Business

4.6 • 682 Ratings

🗓️ 5 January 2025

⏱️ 5 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

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Transcript

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0:00.0	Brought to you by the Ramsey Network app.
0:05.1	Download today to go further with Ramsey.
0:08.7	I'm 47, and I'd like to retire at 55, and I'm not sure where to go yet.
0:14.3	I thought I was pretty fiscally responsible, and then I started to listen and to you in 2022, and realized I wasn't as smart as I thought I was.
0:24.2	So I'm going to ask for help.
0:27.5	Oh, my goodness.
0:28.8	Okay, cool.
0:30.3	So how much debt have you got today?
0:33.7	The only debt I have is I've got a company truck where I got a three-year loan and it's
0:40.3	$1,500 a month, but I get reimbursed $1,100 to $1,700, depending on how many miles I drive
0:46.3	from my company.
0:47.3	You get that whether you have a car payment or not?
0:50.3	Correct.
0:51.3	So yeah, I need to get that truck paid off and then they still give me the same amount.
0:55.7	But the truck has to be, it can't be more than three years old.
0:59.2	So you have to systematically keep money moving that direction so you can upgrade the truck periodically.
1:05.6	Yeah, correct.
1:06.2	But no more payments.
1:08.3	Yes.
1:09.0	The program is independent of debt. It does not require debt.
1:13.2	You just used it to justify debt.
1:16.1	Correct.
	...

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