The Best Financial Plans Don’t Rely On Debt
5/27/20262 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 Rachel Cruze answer your questions and discuss: “Am I about to become my boyfriend's retirement plan?” “How do I avoid taking care of my parents financially?” “Should I put our home in a trust to protect it from my husband's bad decisions?” “How do I get out of debt when I can't stick to a budget?” “When can I make my side hustle my full-time job?” 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 or send us an email. 💵 Start your free budget today. Download the EveryDollar app! 🏠 Get organized and prepared to buy or sell a home 🦸 For help with investing, get connected with a SmartVestor Pro 🏢 Join the Crusade! Apply Now! 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 and the Fairwinds Credit Union Studio, this is The Ramsey Show. I'm Dave Ramsey, Rachel Cruze, number one bestselling author, co-host of the Smart Money Happy Hour, Ramsey Personality, and my daughter is my co-host today. Open phone's here at 888-825-5225. Lynn is in Los Angeles. Hi, Lynn. How are you?
Lynn0:57
I'm fine, thank you. How are you guys?
Dave Ramsey· Host1:00
Better than we deserve. What's up?
Lynn1:02
Perfect. Um, I'm 77, retired, and I, about 10 years ago I took out a reverse mortgage on my home that was paid for, but of course now I owe that. And it's about $98,000 and racking up interest, of course, every month. It's, uh, astronomical. And I don't use it, and I haven't used it probably in, in, in, right after I first got it. And, um- By use it, you haven't been- I'd like to pay it off ...
Dave Ramsey· Host1:29
I'm sorry.