Debt Is Always the Symptom of a Bigger Problem
6/11/20262 hr 14 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 Rachel Cruze answer your questions and discuss: “Should I sell the house to make myself debt free?” “My parents don’t think they need to save for retirement because they are convinced they are getting raptured soon.” “My parents will pay me to take care of them but want to hide it from my siblings. What should I do?” “My fiancée and I have a significant income gap, how should we structure our prenup?” “I’ve been using credit cards to pay off bills, how do I dig out of this financial hole?” 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 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. Try Quo for free, plus get 20% off your first six months. Quo: no missed calls, no missed customers. Sign up for your $1.00/month trial at Shopify. 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 📈 EntreLeadership Ramsey Solutions Privacy Policy Learn more about your ad choices. Visit megaphone.fm/adchoices
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First 90 secondsDave Ramsey· Host0:00
[upbeat music] Brought to you by the EveryDollar app. Start budgeting for free today. [upbeat music] Normal is broke and common sense is weird, so we're here to help you transform your life. From the Ramsey Network and the Fairwinds Credit Union Studios, this is The Ramsey Show. I'm Dave Ramsey, Rachel Cruz, Ramsey personality, number one best-selling author, co-host of the Smart Money Happy Hour, my daughter, is my co-host today. Open phone's at 888-825-5225. Thanks for hanging out with us. Phil is in Orlando. Hi, Phil. How are you?
Phil0:43
I'm doing well, Dave. How are you?
Dave Ramsey· Host0:46
Better than I deserve. What's up?
Phil0:48
Yeah, so, uh, I'll keep this as short as possible. Um, I'm 28 years old. I've put myself into kind of a corner over the past couple of months, uh, after some, uh, bad decision-making. Um, uh, somewhere around 200 grand in debt, uh, which is a mix of, uh, credit cards and, uh, personal loans that I took out, which I shouldn't have. Um, I also have a mortgage, um, which is, uh, relatively new. Uh, I make good money, but, uh, ultimately, uh, things are tight right now and I'm curious to get your thoughts on whether or not debt consolidation is a wise choice or if I am better off,