The Ramsey Show Stop Letting Other People Wreck Your Finances
9 snips
Oct 23, 2025 Rachel Cruze and George Kamel tackle critical financial questions, like managing debt from collections and the implications of taking on loans. They explore ways to encourage a spouse in a low-paying job and give savvy budgeting advice with the EveryDollar app. Listeners learn about navigating family financial dynamics, discussing retirement plans with aging parents, and handling expectations around wedding gifts. They also share inspiring debt repayment stories and strategies for effective communication regarding finances.
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Avoid Trading Down Payments For Margin
- Do not refinance or take a new loan to lengthen a payoff just to create margin; increase income or hustle instead.
- Keep aggressive 'gazelle' intensity to pay the $3,000 collection debt faster rather than stretching payments out.
Fix A Terrible Car Loan First
- Sell or refinance overpriced high-interest vehicles rather than carrying huge payments at high rates.
- Consider a credit-union loan to replace an underwater 23% auto loan with a cheaper car and much lower payment.
When Ministry Payfalls, Find Side Income
- If pastoral salary and mortgage don't align, create side income or downsize the house to regain margin.
- Have honest family financial conversations and reassess priorities when faith call and finances conflict.
