The Ramsey Show Follow a Proven Plan, Quit Making It Up As You Go
Nov 11, 2025
This discussion dives into tackling hefty debt with practical strategies, like budgeting and trimming expenses. Listeners learn the balance between being 'gazelle intense' in investing and maintaining financial stability. A caller challenges the ethics of financially supporting a family member, sparking a conversation about boundaries. How to protect personal security when involved in family businesses is addressed, along with the importance of cautious investing and avoiding debt relief scams. The emotional toll of financial decisions post-divorce is also explored.
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Get Exact Numbers Then Mock A Budget
- Get exact numbers for every debt and income before making decisions.
- Build a mock budget combining future incomes to reveal real margin and plan payments.
Trim Expenses Or Earn More To Create Margin
- Trim lifestyle expenses ruthlessly and/or earn extra income to create margin.
- Use freed cash (e.g., car payment) to accelerate debt payoff once found.
Bump Retirement Contributions Now
- Increase retirement contributions aggressively later in life while preserving some cash.
- Keep investing consistently (e.g., 15%+); small increases compound into meaningful sums.
