The Ramsey Show “I’m $147k In Debt And Only Make $1,500 A Month”
Nov 20, 2025
This episode dives into the real-life struggles of managing debt, with heartfelt calls from listeners facing tough financial decisions. One person wonders if selling their business is the answer to $147,000 in debt. Another grapples with a spouse's overspending affecting their marriage. Teens discuss high car payments, while others weigh the value of studying abroad versus scaling businesses. The hosts offer practical advice on helping family members and financing tiny homes, ensuring listeners leave with valuable insights and hope.
AI Snips
Chapters
Books
Transcript
Episode notes
Keep The Business, But Add Full-Time Income
- Do get a full-time job while keeping a low-income business as a side hustle to pay down large personal debt quickly.
- Set a concrete timeline (e.g., 6–9 months) to evaluate the business and stop adding debt.
Turn Financial Conflict Into A Joint Budget
- Do hold a calm, sit-down budget meeting with your spouse and include her spending perspective.
- Do make the conversation about your fear and shared goals, not accusations, to rebuild financial teamwork.
Boost Income Before Starting New Ventures
- Do increase earnings via better-paying full-time work and side gigs when car costs and insurance overwhelm income.
- Do price out and delay new business launches until you stabilize high-priority expenses.
