The Ramsey Show Highlights I Make Over $126,000 And Stressed About Bills (Thinking About Bankruptcy)
Nov 19, 2025
In a gripping discussion, a listener grapples with $56,000 in debt despite earning $126,000 a year. The host critiques his spending habits, highlighting the necessity of budgeting and tracking expenses. Surprising debts come to light, including a forgotten pension loan. Practical advice follows: stop unnecessary investments and cut discretionary spending. The promise of a debt-free life in under two years surfaces, emphasizing personal responsibility over bankruptcy. A call to action for budgeting sets the stage for hopeful change.
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High Income Can Mask Overspending
- High income doesn't prevent financial problems if spending exceeds plan; $126k salary can't fix lack of budgeting.
- Dave Ramsey highlights overspending as the root issue, not income or kids alone.
Supporting Kids Without Court Order
- The caller supports three kids informally and pays for their needs without a court order.
- Dave Ramsey notes that caring for kids isn't the main cause of the caller's debt.
Make A Real Budget Tonight
- Do build a real budget by listing actual monthly take-home pay and every expense using bank statements as a guide.
- Use that budget to find margin and prioritize throwing extra money at debt until it's gone.