The Ramsey Show Highlights Can I Afford to Buy a Harley?
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Nov 3, 2025 This young caller seeks advice about purchasing a 2025 Harley-Davidson Ryder S while sharing his household income and savings details. Despite a $200,000 inheritance, concerns arise about prioritizing financial stability over emotional desires for the bike. The host emphasizes the unsustainable nature of such a purchase, highlighting the importance of focusing on paying off a mortgage instead of splurging on a depreciating asset. Insightful discussions about balancing dreams with financial health make this a captivating listen!
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Delay Big Purchases Until Budget Is Solid
- Avoid buying expensive toys when you can't live on your income without dipping savings.
- Pay off major debts and learn to live on less before making large discretionary purchases.
Stop Monthly Withdrawals From Savings
- Track where monthly withdrawals from savings are going and cut discretionary spending.
- Stop pulling about $1,000 monthly from savings and live within your $85,000 income.
Spending Choices, Not Tithing, Cause Shortfalls
- Tithing or retirement contributions rarely cause budget shortfalls by themselves.
- Overspending on lifestyle categories like dining and travel usually creates the gap instead.