The Ramsey Show Rock Bottom Can Be Solid Ground to Rebuild On
10 snips
Jun 19, 2025 Explore the tension between spending and saving as a caller grapples with her husband's spending habits. Dive into the emotional turmoil of job loss and the new opportunities it can bring. Discover financial strategies for managing unexpectedly high medical expenses for a newborn. Listen in as a couple confronts tax debt and relationship challenges, emphasizing trust in financial management. Plus, the hosts discuss the importance of integrity in budgeting and investing amidst life's unpredictable twists.
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Smart Side Business Spending
- Do not invest more money into a side business until initial savings spent is replenished.
- Buy new equipment for the business only with profits, not from savings or retirement funds.
Settle Debts Smartly
- Settle large old debts for pennies on the dollar to regain financial control.
- Prioritize smallest debts first and negotiate settlements instead of filing bankruptcy immediately.
Solar Panels Payback Advice
- Do not finance solar panels; pay cash or wait until you can.
- Consider solar only if break-even is 3-5 years, as technology improves rapidly making long paybacks inefficient.
