Understanding Debt and Risk in Business

This chapter explores common misconceptions about personal and business debt, stressing that the onus of repayment lies with the individual. It highlights the importance of disciplined financial practices and provides guidance on assessing investment risks, particularly in farming and real estate.

Transcript

chevron_right

Play full episode

chevron_right

Transcript

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.

Dave Ramsey and Jade Warshaw answer your questions and discuss:

"What is my obligation to my future in-laws who make bad financial decisions?"
"How do I motivate my wife to get on board with becoming gazelle intense?"
"I'm being sued by an insurance company & my family wants me to file bankruptcy. What should I do?"
"I moved states to support my girlfriend but we broke up. Should I move back home?"
"Should I pull my investments out of the market and move them into real estate?"
"The board at my church wants to get a mortgage for a parsonage they can afford to buy in cash,"
"Can we afford a Cybertruck in our current financial situation?"

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 2–5 p.m. ET or ⁠send us an email.⁠ 💵 ⁠⁠⁠Start your free budget today. Download the EveryDollar app! 🏘️ ⁠Find a Ramsey Trusted Real Estate Agent⁠ 🛒 ⁠⁠⁠Get your copy of Build a Business You Love today ⁠ 🎟️ ⁠⁠Dave Ramsey and John Delony are going on tour this month! Get tickets today⁠

Connect with our Sponsors: