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The Ramsey Show

Your Financial Situation Is Not Hopeless

The Ramsey Show

Ramsey Network

Investing, Education, Business, Self-improvement

4.5 โ€ข 38.5K Ratings

๐Ÿ—“๏ธ 7 March 2024

โฑ๏ธ 118 minutes

๐Ÿงพ๏ธ Download transcript

Summary

๐Ÿ’ต Sign-up for EveryDollar today - The simplest way to budget for your life! Rachel Cruze & Jade Warshaw answer your questions and discuss: "Why should I pay cash for my house if I have the money to do so?" How to navigate saving while in college to avoid taking out more student loans "My husband manages all our finances and doesn't share any financial information with me and I don't know what to do" "How early can I budget for the next month?" "Should we kick out our 21 year old son to start a life on his own?" How to know if you should sell your house to pay off debt "Should I pay off debts in collections first or start with debt that's still in good standing?" Support Our Sponsors: Zander Insurance BetterHelp NetSuite Angel Studios Next Steps ๐Ÿ“ž Have a question for the show? Call 888-825-5225 Weekdays from 2-5pm ET or click here! ๐Ÿฆ Take Your 3-Minute Money Assessment - Get a personalized money plan! ๐ŸŽŸ๏ธ It's game on! Get your ticket for Total Money Makeover Weekend. Listen to more from Ramsey Network ๐ŸŽ™๏ธ The Ramsey Show ๐Ÿง  The Dr. John Delony Show ๐Ÿธ Smart Money Happy Hour ๐Ÿ’ก The Rachel Cruze Show ๐Ÿ’ธ The Ramsey Show Highlights ๐Ÿ’ฐ George Kamel ๐Ÿ’ผ The Ken Coleman Show ๐Ÿ“ˆ EntreLeadership Learn more about your ad choices. https://www.megaphone.fm/adchoices Ramsey Solutions Privacy Policy

Transcript

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0:00.0

The Oh, Live from the headquarters of Ramsey Solutions, it's the Ramsey Show where we help people

0:34.2

build wealth, do work that they love, and create amazing relationships.

0:39.0

I am Rachel Cruz hosting today's show with Jade Warsaw best-selling author. Good to have you Jay

0:45.9

glad you are here. Good to be here and we are here to answer your calls America.

0:50.8

It's a free call. Why do I say that? I I say it's a free call anywhere in the country

0:54.6

but it's always been a free call for a long time.

0:57.2

Toll free.

0:58.2

Triple 8. 8.25. 5. 225. So give us a call. Again again we're talking about your life, your money, your

1:05.3

relationships. We are here for you. So first up we have Debbie in Raleigh,

1:10.4

North Carolina. Hey Debbie, welcome to the show.

1:14.4

Thank you so much.

1:15.8

First, I'd like to say, thank you for all the education

1:18.2

you guys have given me over the last few months.

1:20.4

It's been very helpful in my journey. I'm so glad. Thank you. So here's my story. I got divorced about four years ago.

1:31.2

Separated for it took about four years to get divorced I was married for

1:35.1

almost 25 man so I've been navigating my life for the last couple of years trying to

1:40.8

figure out what works for me I was fortunate enough to get a nice alimony

1:45.5

through my divorce and I had my ex-husband had to give me a vacation home of ours that I sold for twice as much as what we

1:55.2

valued it for. Oh wow. I have 1.6 million dollars in the bank and I'm looking to build a house and my financial advisor is telling me I

2:07.6

shouldn't pay cash for my house and I am just like it's stressful for me. I don't know what the right thing is to do and

2:16.7

Is he giving you a reason? Is he giving you a reason? What's his reason for that?

2:25.4

He says it just doesn't make sense to take 37% of my money to build a house like that it just doesn't make financial

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