The Ramsey Show You’ll Always Live Paycheck-to-Paycheck Until You Have a Budget
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Sep 2, 2025 Discover the crucial role of budgeting in achieving financial freedom as experts tackle common dilemmas like selling homes to escape debt and navigating college expenses without loans. Hear personal stories that emphasize a blue-collar mindset while exploring the complexities of real estate and retirement. Delve into the challenges of shifting from credit cards to cash, alongside practical tips for car purchases and handling financial strains after accidents. This lively discussion is packed with actionable strategies to better manage your finances.
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Make A Budget Tonight
- Use EveryDollar and complete a full budget together tonight to find margin and regain control of spending.
- Sell at least one vehicle, refinance upside-down amounts, and move into a cheap cash car while you attack debt.
Pause School To Avoid More Loans
- Press pause on borrowing and consider taking time off from Clemson to earn the $28,000 needed instead of adding more student loans.
- Do adjacent mechanical work or blue-collar jobs short-term to avoid more debt and come back paid-in-full.
Sell Bad Rentals To Buy Peace
- If rental properties aren't cash flowing and are causing stress, sell them to clear HELOC debt and personal debt first.
- Use the proceeds to rebuild savings, fund retirement, then re-enter real estate only when buying with cash or proven positive cash flow.
