The Ramsey Show Highlights I'm 61 With No Retirement
Dec 9, 2025
Antoinette, a first-time caller, shares her pressing financial dilemma at 61—no retirement savings and a desire for homeownership. The hosts guide her through her substantial debt, suggesting she sell her expensive minivan to ease negative equity. They emphasize the importance of documenting her financial situation and exploring employer retirement plans. With advice on cash flow management and the benefits of opting for a low-cost car, the conversation highlights the tough choices necessary for achieving her retirement dreams.
AI Snips
Chapters
Transcript
Episode notes
Get Exact Numbers Now
- Call your lenders and document exact balances and payments immediately so you know your full financial picture.
- Take photos of your written list to have numbers handy while on the road or away from home.
Truck Driver Turned Debt Into Momentum
- A truck driver sold a new Subaru, bought an $8,000 Lexus, then a $2,000 car and used the remainder to attack debt.
- That sequence freed significant cash and accelerated his debt-free progress.
One Decision Can Spiral Finances
- A single financial decision can cascade into years of setbacks, like rolling negative equity into a new loan.
- Small changes, like selling a car and throwing insurance or sale proceeds at debt, can reverse that trajectory quickly.