The Ramsey Show Stop Trying To Borrow Your Way Into Freedom
9 snips
Sep 26, 2025 Dave and Rachel tackle hot financial topics, from whether business credit cards are worth it to the dangers of being 'house poor.' They discuss merging finances with a significant disparity, managing student loans while preparing for a baby, and the responsibility of children to support parents. A couple shares their inspiring journey of paying off $130K in just 20 months. Additionally, they provide insights on withdrawing retirement funds for investments and the importance of having a budget using their revamped EveryDollar app.
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Ignore Credit Card Rewards For Big Business Spend
- Don’t chase tiny credit-card cashbacks when your business profit is the real game.
- Focus brainpower on growing your business rather than trying to outsmart card issuers.
Use Cash To Prevent Overspending
- Avoid using cards because they detach you emotionally from spending and encourage extra buys.
- Use cash or debit to maintain spending awareness and stay within budget.
Sell If House Payment Is Too High
- If a mortgage is 40% of your take-home pay, sell the house or increase income quickly.
- Don't let a house payment stunt your financial growth and budget flexibility.
