The Ramsey Show You Can’t Control the Past, But You CAN Control the Path Forward
Nov 18, 2025
Discover compelling financial advice as hosts tackle real-life dilemmas. A caller grapples with $140k in student loans and learns about the debt snowball strategy. Another shares a traumatic car accident's impact on her business, receiving practical guidance on income protection. Tips on navigating tricky family dynamics arise when dealing with a brother who caused car damage. Listeners hear about managing negative rental cash flow, making difficult financial choices, and the importance of prioritizing mental health amidst financial stress.
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Use The Debt Snowball
- Do use the debt snowball: list debts smallest to largest and pay them off in order to build momentum.
- Sell or remove nonessential payments (like an extra car) to free up funds for the snowball.
Sell Inventory To Bridge Cash Shortfalls
- Do convert unsold inventory into cash quickly when business income halts after an accident.
- Reach out to previous retailers and loyal customers with promotions and direct appeals to move product fast.
Make Family Pay For Damage
- Do confront a family member who caused damage and be persistent until they pay or make arrangements.
- Escalate to involving parents, persistent visits, or legal steps if polite requests fail.
