"You Shouldn't Have Done This, It Was Dumb"

The Ramsey Show Highlights

Ramsey Network

Education, Investing, Business, Self-improvement

4.5 • 838 Ratings

🗓️ 20 May 2025

⏱️ 5 minutes

🔗️ Recording | iTunes | RSS

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Summary

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Transcript

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0:00.0	Brought to you by the Every Dollar app. Start budgeting for free today.
0:06.0	So I just recently purchased engagement room for my long-term girlfriend.
0:12.0	Hey!
0:13.0	Thank you very much. I appreciate that. Yeah, very excited and just looking forward to this next chapter.
0:20.0	So, yeah, so basically how I did it was I had Yeah, very excited and just looking forward to this next chapter.
0:29.7	Yeah, so basically how I did it was I had an introductory credit card offer from the good people of Bank of America.
0:31.9	Boo!
0:35.0	Exactly.
0:37.1	Yeah, there's some good people, I guess.
0:39.9	But anyway, I received a offer, promotional offer from Bank of America where qualifying purchase through this new
0:46.9	credit card would warrant a 0% interest on any debt that's paid within the first 60 days of purchasing and opening the credit
0:56.0	card. I have no intentions of putting anything else on the credit card, and essentially
1:02.2	it's been purchased through the card, and it's just a cash out quo question as far as managing
1:08.1	my monthly payment. I originally intended to...
1:11.0	How much is on the card?
1:13.5	So I currently owe $11,000 for the rate.
1:16.5	How much money do you have in savings?
1:19.0	So I have about $25,000 in a high-yield savings account.
1:22.7	Write a check today and pay off the card and place scissors across it and cut it up.
1:27.2	Tadda. That's it.
1:29.5	You shouldn't have done this.
1:30.9	It was dumb.
	...

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