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The Ramsey Show

Your Life Will Suck if You Wait on Washington To Fix It

The Ramsey Show

Ramsey Network

Investing, Education, Business, Self-improvement

4.5 โ€ข 38.5K Ratings

๐Ÿ—“๏ธ 23 May 2024

โฑ๏ธ 115 minutes

๐Ÿงพ๏ธ Download transcript

Summary

๐Ÿ’ต Sign-up for EveryDollar today - The simplest way to budget for your life! Dave Ramsey & Jade Warshaw answer your questions and discuss: "Should I pay off my mortgage first?" "I panicked and paid off my home, was I wrong?" "How do I help my husband while he's in rehab?" "How can I reduce how much I pay in taxes?" "Why you should never loan your kids money," "Should we use our emergency fund for this?" Support Our Sponsors: NetSuite BetterHelp Zander Insurance Next Steps ๐Ÿ“ž Have a question for the show? Call 888-825-5225 Weekdays from 2-5pm ET or click here! ๐Ÿ‘•The NEW Ramsey Merch is here! Shop Yetis, sweatshirts, hats and more! These 6 new arrivals are exclusively available only at the Ramsey Store. โค๏ธ Get away with your spouse to Nashville at Money & Marriage Getaway. ๐Ÿ’ฐ Enter the $3,000 Ramsey Cash Giveaway today! Enter daily to increase your chances of winning weekly $500 prizes or the $3,000 grand prize. 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

Live from the headquarters of Ramsey Solutions. It's the Ramsey Show where we help people build wealth, do work, that they love, and create actual amazing relationships.

0:27.0

Jade Washaw, Ramsey Personality, number one best-selling author of the book money's not a math

0:34.6

problem it's one of our quick reads a whole 74 pages long so you can take care of

0:39.7

it in one setting and you will change your life if you read that kind of stuff she's my

0:43.2

co-host today open phones at triple 8 825 5225 Jennifer's in Pittsburgh to

0:50.5

start this hour hi Jennifer welcome to the Ramsey show. Oh Dave it's

0:56.0

wonderful to speak to you. You too what's up in your world? Well we are recent

1:02.0

graduates of F. P. P have a debate in our household.

1:08.0

We have $42,000 worth of consumer debt, and our mortgage is $69,000 worth of consumer debt and our mortgage is $69,000.

1:15.4

So the whole $42,000 is all my student left.

1:19.6

Right now, I am waiting on a public service loan forgiveness application. All of this

1:25.2

documentation is temporarily paused while the government changes a

1:29.3

servicer from Mohila to U.S US Department of Education.

1:33.1

But when I applied, the website says

1:35.6

that I have 24,641 eligible for forgiveness.

1:40.9

So as you know, if I first the student loans forgiven also if we pay towards this

1:46.4

24,000 that's eligible for forgiveness that money is gone and could have been used to

1:51.4

pay down the mortgage so that's my husband's case.

1:55.1

So in our case is it okay to go out of order and start tackling this mortgage

2:00.5

while we're waiting on the application to be processed.

2:06.3

So you owe 40, but 24 is possibly forgiven.

2:10.8

What will be wrong with paying it down to 24?

...

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