Intro

This chapter explores a listener's decision on whether to pay off a $35,000 car loan or maintain monthly payments while having $32,000 in savings. The hosts discuss the risks of debt, the stress of financial instability, and the benefits of achieving a debt-free life.

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Episode notes

📈 ⁠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 and Jade Warshaw answer your questions and discuss:

"Should I drain my savings to pay off debt if I have a one-year-old?"
"I'm 64 years old and my investments aren't making money,"
"How can I get out of a debt relief program?"
"How can I grow my savings while working on my career?"
"Should we share details about our financial situation with our kids?"
"How do I deal with a family member who brags about how much money she makes and spends?"
"How do we get out of $1M in debt?"

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