The Ramsey Show Highlights “If You Can’t Live on $100,000 Something’s Wrong With You”
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Nov 4, 2025 In this engaging discussion, a listener shares their troubling financial situation, revealing a staggering $562,000 in total debt, including $62,000 in credit card debt. Dave Ramsey identifies that the couple's differing spending habits are undermining their progress. He emphasizes the necessity of both partners committing to a unified financial strategy. With a bold plan to live on $100,000 and tackle $60,000 in debt within a year, Dave pushes for immediate action, like cutting up credit cards and making drastic budget adjustments. Hope and motivation abound!
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Married Into Persistent Credit-Card Debt
- The caller describes $562,000 total debt with $500,000 mortgage and about $62,000 in credit cards, mostly her husband's long-standing debt.
- She explains they've tried Ramsey's baby steps but credit-card use continued and the balance stayed roughly the same over five years.
Behavior Over System
- Ramsey frames this as a behavioral problem: systems won't work until both spouses decide to change.
- Alignment and mutual commitment matter more than budgeting tools alone.
Combine Finances And Aggressively Attack Debt
- Do combine finances, create one written budget, and attack the $62,000 credit-card balance with a focused monthly payment.
- Do cut up the cards, suspend discretionary savings and put $5,000 per month toward debt to be debt-free in one year.