The Ramsey Show Highlights We're Millionaires But Struggle To Pay Our Bills
Oct 6, 2025
A couple shares their surprising story of being millionaires on paper yet struggling to meet monthly expenses. They detail job losses and draining their savings to stay afloat. The conversation digs into the pitfalls of selling property to settle debts but ending up with more financial burdens. Dave provides tough love advice, recommending they sell all nonessential real estate to stop the cash drain and invest in a mortgage-free home. It's a relatable discussion on managing wealth versus cash flow.
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Income Loss Led To Depleted Savings
- The caller describes losing income after her husband lost a job and deals with depleted savings.
- They sold a property to get out of debt but income and emergency funds were still insufficient.
Net Worth Means Little Without Cash Flow
- A high net worth can be meaningless if liquidity and income don't cover living costs.
- Leveraged real estate can create a net worth that still leaves you cash-poor month to month.
Sell Houses That Drain Cash Flow
- Sell the extra houses that create unaffordable mortgage payments.
- Buy a paid-for primary home to eliminate crippling monthly mortgage costs.