The Ramsey Show Highlights I'm 51 and Have No Retirement (I Only Make $50,000)
Aug 22, 2025
A woman's financial transformation unfolds after her unexpected divorce, revealing her strategic debt management. Topics include navigating retirement savings challenges and the significance of actionable steps towards stability. Listeners learn effective budgeting strategies for recovering from life changes, highlighting the importance of setting financial goals and responsible money habits for future generations.
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Divorce Triggered Major Financial Upheaval
- The caller described her husband leaving in October 2022 and the financial fallout from their divorce.
- She sold the house, refinanced a new car, and handled large student loan balances during the split.
Teacher With Secondary Income And Changing Pay
- The caller revealed she is a private school teacher with changing Arkansas education pay and a rising salary to $52,400.
- She also described a secondary income stream of about $12–14k per year.
Follow The Baby Steps Plan
- Dave Ramsey recommended following the Baby Steps starting by paying off non-house debt.
- He advised using savings to pay the car off, then keep a proper emergency fund and invest 15% of income.