Building Wealth Requires a Long-Term Investing Mindset
6/2/20262 hr 13 min
❓ Have a money question? Ask Ramsey is here to help. 📈 Are you on track with the Baby Steps? Get a Free Personalized Plan. Dave Ramsey and Jade Warshaw answer your questions and discuss: “We make $200,000 a year but are still living paycheck-to-paycheck. How do I pay off debt?” “My sister is constantly running up her credit card debt and my mom keeps bailing her out with my inheritance.” “We are completely debt-free but it still feels like we don't have enough margin to enjoy life.” “At what point do I need to get an LLC for my side hustle?” “My wife is not on board with getting on a budget. How do I get her to buy in?” Next Steps: ✔️ Help us make the show better. Please take this short survey. 📞 Have a question for the show? Call 888-825-5225 weekdays from 2–5 p.m. ET 📩 Email Dave On-Air With Your Questions on Debt and Finance 💵 Start your free budget today. Download the EveryDollar app! 🏠 Get organized and prepared to buy or sell a home ❤️🩹 Get trusted insurance coverage that fits your budget Connect With Our Sponsors: Get 10% off your first month of BetterHelp Go to Boost Mobile to switch today! If you want your car to keep going and going, trust Christian Brothers Automotive. Find a local shop and get an exclusive Ramsey discount of 10% (up to $250) off 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! Debt collectors hassling you? Take back control of your life at Guardian Litigation Group Find top health insurance plans at Health Trust Financial Use code RAMSEY to save 20% at Mama Bear Legal Forms Visit NetSuite today to learn more. Get started with YRefy or call 844-2-RAMSEY Visit Zander Insurance or call 1-800-356-4282 for your free instant quote today! Explore more from Ramsey Network: 💸 The Ramsey Show Highlights 🧠 The Dr. John Delony Show 🍸 Smart Money Happy Hour 💰 George Kamel 🪑 Front Row Seat with Ken Coleman 📈 EntreLeadership Ramsey Solutions Privacy Policy Learn more about your ad choices. Visit megaphone.fm/adchoices
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First 90 secondsDave Ramsey· Host0:02
This is an ad for BetterHelp. Stress from money problems doesn't just stay in your bank account, it shows up everywhere in your life. Talking to someone can help you sort it out. Go to betterhelp.com/ramsey to get 10% off. [upbeat music] Brought to you by the EveryDollar app. Start budgeting for free today. [upbeat music] Normal is broken, 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 Dave Ramsey, your host. Jade Washall, number one best-selling author, Ramsey Personality, is my co-host today. Open phone's here at 888-825-5225. That's a free call, and some say the advice is worth exactly what you pay for it. Leonard is in Sacramento. Hey, Leonard, how are you?
Leonard0:59
Doing good. How are you guys today?
Dave Ramsey· Host1:01
Better than we deserve. What's up?
Leonard1:03
So, uh, long story short, me and my wife have, uh, together about $86,000 in debt. We make about 200,000 a year, and our current house and situation where we're living has rendered us paycheck to paycheck every single month. We have no money in savings. We have no dispensable money whatsoever.
Dave Ramsey· Host1:26
Okay. And,