The Ramsey Show Highlights There's Nothing Funny About What You're Doing
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Oct 29, 2025 In this conversation, Chris, a project manager recently returning to work after a multi-year battle with Lyme disease and COVID, seeks financial advice. He grapples with $70–80k in debt and considers bankruptcy after transferring assets to his partner. The hosts discuss the emotional toll of bankruptcy and advise against it, emphasizing strategies like the debt snowball and tackling trust issues with property transfers. Chris's journey highlights the complexities of recovery and facing financial realities.
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Long Illness Cost Career And Finances
- Chris was bedridden for about three years after undiagnosed Lyme plus COVID weakened him. He lost his business and credit collapsed before slowly recovering and returning to work.
List Debts And Use The Debt Snowball
- List every debt by type and amount before making a plan. Use the debt-snowball: pay minimums on all accounts and apply extra money to the smallest balance first.
Cut Spending To Speed Debt Repayment
- Tighten living expenses to create large monthly debt payments and shorten repayment time. Jade estimates someone on $130,000 paying aggressively could be debt-free in about two to two-and-a-half years.