Evaluating Financial Choices in a Struggling Business

A caller discusses her solo skincare business's financial challenges, earning $85,000 annually but only $24,000 after expenses. She considers taking a full-time job to alleviate debt while trying to maintain her business part-time.

Play episode from 01:28:07

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🤔 ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Think you’re good with money? Take our Money in America quiz!⁠⁠⁠

Dave Ramsey and Ken Coleman answer your questions and discuss:

"I am getting calls regarding debt on my deceased father. How do I handle this?"
"Can we get some advice on managing finances with a large family and disagreements on spending?"
"How do my fiancé and I plan to combine our finances when there is a prenup in place?"
"We would like to retire early. How should we adjust our investments in order to make this happen?"
"How do I get out of $1.8M in debt when I'm stretched thin in spite of a high net worth?"
"How do I keep my addict brother from blowing his portion of our inheritance?"
"Am I wrong for not wanting to pay for repairs to my mother's home?"
"My wife and I disagree on what to do with a whole life policy."
"My wife and I disagree on leveraging debt to make money. Who is right?"
"I am $10,000 underwater on my leased car. How should I handle this?"
"I am debt-free. When can I start buying things I want?"