You Can Still Escape the Debt Spiral Before It’s Too Late

The Ramsey Show

Ramsey Network

Business, Education, Investing, Self-improvement

4.6 • 36.7K Ratings

🗓️ 9 April 2025

⏱️ 85 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

📈 Are you on track with the Baby Steps? Get a Free Personalized Plan 📱 Watch the full episode for free in the Ramsey Network app. Ken Coleman & Dr. John Delony answer your questions and discuss: "My father-in-law left us a poorly maintained house that has taxes owed on it," "I have $40k of credit card debt," "How do I prioritize paying off student loans and other debts at a young age?" "Are prepaid service plans a good idea?," "Should I help my dad get a debt consolidation loan?," "My husband has no interest in learning about our finances..." "How do I get rid of my $1,200 car payment?" Support Our Sponsors: 🛒 Stop paying more and start shopping smarter at Aldi 🌱 Get 10% off your first month of BetterHelp 📱Go to Boost Mobile to switch today! 🏥 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! 🥗 Save 15% on your first Field of Greens order with code RAMSEY ⛨ Find top Health Insurance Plans at Health Trust Financial 💸 To find out more about student loan refinancing, check out Laurel Road 💻 Visit NetSuite today to learn more 🗂️ Use promo code RAMSEY for 18% off at The Nokbox 🎥 Get your tickets for The Chosen Season 5! 💵 Learn more about Timothy Plan 🏛 Get started with YRefy or call 844-2-RAMSEY 🔐 Visit Zander Insurance for your free instant quote today! Next Steps ✅ Help us make the show better by taking this short survey! 📞 Have a question for the show? Call 888-825-5225 Weekdays from 2-5pm ET or click here! 💵 Sign up for a free training with our EveryDollar team! 🤓 File your taxes with 100% accurate software that’s 20% of the price. 🎟️ See Dave Ramsey and Dr. John Delony LIVE in a city near you 🛒 Preorder Build a Business You Love Now at Ramsey Solutions Listen to more from Ramsey Network 💸 The Ramsey Show Highlights 🧠 The Dr. John Delony Show 🍸 Smart Money Happy Hour 💡 The Rachel Cruze Show 💰 George Kamel 🪑 Front Row Seat with Ken Coleman 📈 EntreLeadership Learn more about your ad choices. https://www.megaphone.fm/adchoices Ramsey Solutions Privacy Policy

Transcript

Click on a timestamp to play from that location

0:00.0	This is the Ramsey's show where America hangs out to have a conversation about life, specifically your money, your profession, and
0:23.0	your relationships.
0:24.3	885-2-2-25-2-2-5-2-5 is the phone number to jump in.
0:29.0	We'd love to hear from me.
0:29.7	AAA 8255-2-2-5.
0:32.4	Joining me today is Dr. John Deloney.
0:34.7	I'm Ken Coleman.
0:35.6	We're excited to be together to help you out. Let's get it
0:39.1	going with Michaela and Raleigh, North Carolina. Michaela, how can we help today?
0:44.2	Good afternoon. Thank you so much for allowing me to receive your wisdom today.
0:47.8	Oh boy. Well, don't thank us too soon. That is you. We haven't even dispensed of it yet,
0:52.1	but I like how optimistic you are. What's going on?
0:56.2	So I have both a money and a relationship question all in one. In January, my father-in-law
1:02.6	sadly passed away and left behind my mother-in-law. They were married 52 years, and he handled
1:08.3	all of the finances. So on his dad's, my, my father-in-law asked my
1:15.1	husband to take care of his mom and take care of the rental property, which is going to be
1:19.2	basically her income going forward. All great. We didn't realize until a couple months in that the
1:25.5	property was left very poorly maintained.
1:28.7	There were some back taxes on it.
1:30.3	There's been no insurance on the property.
1:33.1	HOA is very high.
1:34.2	So after we looked at all the numbers, we realized this is never going to be a truly income-producing property
	...

Transcript will be available on the free plan in 10 days. Upgrade to see the full transcript now.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from Ramsey Network, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Ramsey Network and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.