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You Can't Borrow Your Way To A Better Life

7/13/20262 hr 7 min

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George Kamel answers your questions and discuss:

  • “My mom wants to take my brother off the will and give me everything—should I split it with him after she passes?”
  • “Should we sell the farm so we can live debt-free?”
  • “Can I borrow money to buy my own cows?”
  • “How can we get ahead financially without getting fatigued?”
  • “Can I periodically splurge a little bit while paying off debt?”

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Clips

Transcript preview

First 90 seconds
  1. Speaker 10:00

    [upbeat music] Brought to you by the EveryDollar app. Start budgeting for free today.

  2. 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, your host today. No co-host, just flying solo, no chaperones, so we're gonna have fun in the basement today. It's gonna be a good time. Kicking it off, we've got Jordan in Oklahoma City, and if you wanna call in, the number's triple eight 825-5225. What's going on, Jordan? How can I help today?

  3. Jordan0:43

    Well, I feel like I've pretty much been drowning in debt my entire adult life, and I'm, I'm just sort of over it and I wanna take control.

  4. George Kamel· Host0:52

    Well, man, that is the best step right there. Too many people would never get there, so I'm proud of you. How old are you?

  5. Jordan0:58

    Uh, 28.

  6. George Kamel· Host1:00

    28, and you're sick and tired of being sick and tired already?

  7. Jordan1:04

    Yes, sir.

  8. George Kamel· Host1:05

    Man. Okay, so where did this start? Was this, like, post-college, in your adult life?

  9. Jordan1:11

    Yes.

  10. George Kamel· Host1:11

    Or was this a long way before that with student loans?

  11. Jordan1:13

    Uh, no, I don't have any student loans. It was after college, just start- getting started in the workforce and buying a house and having kids, and it all just kinda kept piling on and never went away.

  12. George Kamel· Host1:25

    Wow. So how much do you make?

  13. Jordan1:27

    I make,

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