The Ramsey Show A $60,000 Mistake Turned Into a Wake-Up Call
7 snips
Nov 3, 2025 A caller grapples with a burdensome RV loan at a staggering interest rate, prompting expert advice on refinancing. Another listener faces the financial and emotional complexities of an ex-fiancée's pregnancy, with guidance on setting boundaries. The hosts tackle the tough reality of losing money in a small business and unemployment decisions. Insights on responsibly handling a $200,000 lottery win lead to discussions about budgeting and changing spending habits. The emotional side of financial decisions is also explored, driving home the importance of practical habits.
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Escape A Terrible High-Interest Loan
- Sell the RV even at a loss and replace the high-rate loan with a smaller, manageable debt to eliminate the 17–18% interest drag.
- Use the freed cashflow to pay the remaining balance quickly and avoid further depreciation and interest bleed.
The Wake-Up Call In The Jeep
- Jade recounts an "I had it" moment when collectors repeatedly buzzed her phone and she nearly gave rent money to a credit card.
- That crisis forced them to audit their process and fix budgeting mistakes, which changed their trajectory.
Emotions Are Half The Equation
- Winning with money is half process and half emotion; emotions like frustration and anger derail plans.
- Embracing endurance and accepting discomfort lets you follow the process long enough to reach the finish line.
