Building Wealth Means Choosing What Matters Most
6/29/20262 hr 5 min
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George Kamel and Jade Warshaw answer your questions and discuss:
- “My husband has borrowed $100K against his 401K behind my back, should we separate our finances?”
- “We own more on student loans than our house, should we pay off the student loans first?”
- “Our preferred daycare option will cost us 50% of our monthly income, what should we do?”
- “We got scammed and lost $6,800, how do we recover?”
- “Should I become a surrogate mother in order to pay off debt quicker?”
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Clips
Transcript preview
First 90 secondsSpeaker 10:00
[upbeat music] Brought to you by the EveryDollar app. Start budgeting for free today.
George Kamel· Host0:08
[upbeat music] Normal is broke and common sense is weird, so we're here to help you transform your life. From the Ramsey Network in the Fairwinds Credit Union studio, this is the Ramsey Show. I'm George Kamel here with Jade Warshae. We're taking your calls at 888-825-5225. Reggie is kicking us off in Chicago. What's going on, Reggie?
Reggie0:34
Hey, what's going on, guys? Um, so a little dilemma that we're- I find myself in. Um, we saved up a, a ton for college for my son. Put it in the college fund, it grew to like $120,000. I thought for sure that would be enough to get him through like three, maybe four years. And we're coming up on year two, it looks like it'll all be eaten up by the end of year two.
Jade Warshaw· Host0:57
Wow.
Reggie0:57
And, you know, I feel bad because- It's a fancy school ... you know, we ... Yeah, we, we thought he'd be able to get some help. We thought we'd be able to get a financial aid package or, or some kind of assistance gift, but so far no luck because we're making too much money, they say- Oh ... and we've saved up too much on the side.
Jade Warshaw· Host1:14
What's it cost every year?
Reggie1:15
It's about $65,000 right now.
Jade Warshaw· Host1:19
Whoa.
George Kamel· Host1:19
What do you guys make?
Reggie1:21
Yeah. Yeah. Uh, just over 200. Um, and so the options we're looking at is, you know, I've, I've got the house for s- You know, we've got a pretty nice house