You Can’t Borrow Your Way to Freedom

The Ramsey Show

Ramsey Network

Business, Education, Investing, Self-improvement

4.6 • 36.7K Ratings

🗓️ 21 April 2025

⏱️ 89 minutes

🔗️ Recording | iTunes | RSS

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Summary

📈 Are you on track with the Baby Steps? Get a Free Personalized Plan 📱Finish today's episode for free in the Ramsey Network app. Rachel Cruze & George Kamel answer your questions and discuss: "Should I sell my car to get out from under the payment I can't afford?" "How do I get out from under medical, credit card and personal loan debt?" "We are being told not to pay for a house in cash," "Is opening a 0% interest credit card ever a good idea?" "My husband refuses to plan for retirement. How do I get him on board with a plan?" "I'm currently $234,000 in debt. Should I stop going on family vacations?" Next Steps: 💪🏻 Take George's Side Hustle Quiz ✅ Help us make the show better by taking 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! 🎟️ Dave Ramsey and John Delony are going on tour this month! Get tickets today 🏘️ Find a Ramsey Trusted Real Estate Agent Connect with 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 💵 Learn more about Timothy Plan 🏛 Get started with YRefy or call 844-2-RAMSEY 🔐 Visit Zander Insurance for your free instant quote today! Explore 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 Ramsey Solutions Privacy Policy Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Hey guys, this is Dave Ramsey from the Ramsey Show podcast.
0:03.8	If you're sick of money stress and tired of living paycheck to paycheck, we're here to help.
0:09.0	Check out our latest episode streaming now on Amazon Music.
0:17.5	Brought to you by the Every Dollar app. Start budgeting for free today.
0:27.6	From the Ramsey Network, this is The Ramsey Show, where we help people build wealth, do work that they love, and create amazing relationships.
0:37.8	I'm George Camel, joined by number one bestselling author, Rachel Cruz, who's also my co-host on Smart Money Happy Hour, another Sean Ramsey Network, and we're taking your calls at AAA 825-5-225.
0:50.2	Amanda's going to kick us off in Tampa, Florida. Amanda, welcome to the show.
0:54.9	Hey, good afternoon.
0:56.5	Good afternoon to you.
0:57.5	How can we help today?
0:59.3	Okay, so I have one of them huge car payments.
1:02.5	It's about 900 a month.
1:04.1	I owe $34,000 on it.
1:07.0	It is a 22 BMW.
1:10.4	So my question is it's only only valued at 34,000.
1:16.2	The auto trader value is 25,000.
1:20.0	I would get about 2,000 back in warranty, warranties if I sold it back to the BMW dealer.
1:26.4	I have $10,000 in my savings account. So my
1:29.2	question is, should I get rid of the car? Because it's kind of hurting us financially paying
1:35.4	a car payment that high. Yeah, for sure. I mean, $900. That'd be nice to have, right? Versus
1:42.2	it going to a car payment. Yeah. Okay. So you said it's valued at, I think you said it's valued at 34,000, but then you
1:48.8	looked on auto trader and it's at 25,000.
	...

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