The Ramsey Show A Financial Plan Only Works If It Matches Your Reality
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Dec 25, 2025 Delve into financial dilemmas like a dentist couple facing nearly $1M in student debt and the consequences of an ill-fated RV purchase. Discover the importance of evaluating emergency funds and understanding high-interest debts. The hosts delve into tough conversations about finances in relationships and offer strategies on converting retirement accounts. Plus, get insights on budgeting and staying debt-free while navigating career changes. Tune in for practical advice and lessons learned from real callers!
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RV Purchase Lesson Learned
- Jack bought a $60,000 RV on a 15-year loan at 18% interest and lived in it while working as a truck driver.
- He sold other debt, kept the camper, and realized interest was $800/month with only $50 hitting principal.
Replace Worst Loan With Smaller Loan
- Sell the RV and refinance the remaining balance with a lower loan to cut the crushing interest immediately.
- Use the new smaller debt as a bridge to knock it out fast and protect your progress on other debts.
Young Dentists Facing Massive Student Debt
- Two dentists called in with about $1,000,000 of combined student loan debt and roughly $170K gross income each.
- They'd been practicing a year and were nervous but starting small practices and exploring ways to grow revenue.