The Ramsey Show Highlights Been Living Like He's The ___ And He's Not
Apr 28, 2025
A 25-year-old grapples with a staggering $65,000 in credit card debt, seeking advice on prioritizing repayment. The discussion dives into the burdens of high-interest debt, personal lifestyle choices, and the pitfalls of car loans. Listeners hear a personal story of juggling substantial debts despite a high income, along with strategies for securing family stability. The dialogue highlights the importance of financial responsibility, humility, and accountability, encouraging listeners to consider asset sales to alleviate their debts.
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Antonio's Credit Card Debt Story
- Antonio shares he has $65,000 total credit card debt spread across six cards with various monthly minimum payments.
- He details smaller debts up to a large $25,000 balance on one card, illustrating significant credit card burdens.
Prioritize Debt Over Home Buying
- Prioritize paying off debt before considering a home purchase.
- Organize debts from smallest to largest and tackle them accordingly.
Antonio's Lifestyle and Debt
- Antonio earns up to $30,000 monthly but amassed debt during COVID by overspending with credit cards.
- He financed three cars, a boat, and an RV, revealing a lifestyle beyond his sustainable means.