Your Debt Should Make You Uncomfortable

The Ramsey Show

Ramsey Network

Business, Education, Investing, Self-improvement

4.6 • 36.7K Ratings

🗓️ 13 December 2024

⏱️ 87 minutes

🔗️ Recording | iTunes | RSS

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Summary

📈 Are you on track with the Baby Steps? Get a Free Personalized Plan 📱 Listen to the full episode for free in the Ramsey Network app. Watch United States of Anxiety exclusively on the free Ramsey Network app! Rachel Cruze & Jade Warshaw answer your questions and discuss: "Should I invest while in college?" "Should guests pay for meals at our wedding?" "My late husband hid our finances from me" "I have a big problem..." "How do I budget an irregular income?" Support Our Sponsors: 🌱 Get 10% off your first month of BetterHelp ◎ Get 10% off Byrna product bundles and more! 🏥 Learn more about Christian Healthcare Ministries 🏡 Get started today with Churchill Mortgage 🔒 Get 20% off when you join DeleteMe 🏦 Go to FAIRWINDS Credit Union for an exclusive account bundle! 🥗 Save 15% on your first Field of Greens order with code RAMSEY 💤 Visit Helix Sleep for special offers! 💻 Visit NetSuite today to learn more 🗂️ Use promo code RAMSEY for 18% off at The Nokbox 💵 Learn more about Timothy Plan 🏛 Get started with YRefy or call 844-2-RAMSEY 🔐 Visit Zander Insurance for your free instant quote today! Next Steps 📞 Have a question for the show? Call 888-825-5225 Weekdays from 2-5pm ET or click here! 🎄You could win $5,000 in the Ramsey Christmas Cash Giveaway! 🎁 Our 50 days of Christmas deals are ending soon! Get 30% off meaningful gifts. 💵 Start your free budget today. Download the EveryDollar app! 🎟️ Get Tickets to the Money & Relationships Tour ❤️Get tickets to Money & Marriage Getaway and make this the best Valentine’s Day EVER. Listen to more from Ramsey Network 🎙️ The Ramsey Show 🧠 The Dr. John Delony Show 🍸 Smart Money Happy Hour 💡 The Rachel Cruze Show 💸 The Ramsey Show Highlights 💰 George Kamel 💼 The Ken Coleman Show 📈 EntreLeadership Learn more about your ad choices. https://www.megaphone.fm/adchoices Ramsey Solutions Privacy Policy

Transcript

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0:00.0	Live from the headquarters of Ramsey's Solutions.
0:16.8	It's The Ramsey Show, where we help people build wealth, do work that they love, and create amazing relationships.
0:23.2	I'm Rachel Cruz hosting this hour with my good friend, the best-selling author, Jade Warshaw,
0:27.8	and we are taking your calls, America, about your life and your money.
0:32.5	So give us a call at AAA 825-5-2-2-25.
0:37.3	And starting us off, this show is Nick in Detroit. Hey, Nick, welcome to the show.
0:44.3	Hey, thank you for having me. Absolutely. How can we help? My question is, my question is, I'm 21, I'm in college,
0:53.3	I pay for my education with my dad, and I've got
0:55.8	baby steps one done, and I have no debt.
0:58.6	I need to pay $3,000 per semester so that I don't go out of college with student loan debt.
1:03.6	And would it be more beneficial for me to any additional money that I don't make to putting
1:08.5	into steps three, I don't feel like I can be gazelle intense
1:11.0	with that or would it be more beneficial to take 15% of my income and put it into mutual funds
1:16.5	for something further down the line. Okay, so you have extra money. I just want to make sure I'm
1:21.6	understanding your question. And you're asking if you should be using it to cash flow college
1:25.3	or do something else with that?
1:32.8	Mainly to, I won't, me and my dad have got to cover that in the same $3,000.
1:37.3	Should I put it towards a three to six month emergency fund, which is baby step three,
1:43.1	or should I just put it to a mutual fund and be able to gross money on it over time?
1:47.2	If it's the $3,000 that you're using for your college,
1:48.6	I just throw it in a high yield.
1:52.8	Like if you get ahead, like say you've paid for the upcoming semester and you've also got $3,000 set aside for the coming, you know,
	...

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