The Ramsey Show Dumb Debt Decisions Won't Accelerate Your Financial Growth
May 30, 2025
Dave and Jade tackle pressing financial dilemmas, including the emotional turmoil of custody battles, the pitfalls of debt-accruing legal fees, and the dream of opening a fishing lodge in Canada. They discuss navigating Parent PLUS loans and the tricky financial dynamics between parents and children. Listeners are also treated to inspiring stories of overcoming debt, the importance of honest financial advice, and the delicate balance of spending now while securing a stable future. Humor and practical tips make this a must-listen!
AI Snips
Chapters
Books
Transcript
Episode notes
Avoid Debt for Custody Battles
- Avoid taking on more debt to fight legal battles like custody disputes.
- Sell possessions and work additional jobs instead of borrowing more money to pay attorneys.
Test Business Before Buying
- Gain hands-on experience before buying a business like a Canadian fishing lodge.
- Work at an existing lodge to learn the real business costs and challenges.
Newlyweds Conquer Debt Fast
- Colby and Mackenzie paid off $32,000 student loan debt in seven months as newlyweds.
- They aligned their financial goals around biblical principles and mutual accountability.
