---
title: "Don't Let Debt Delay Your Financial Future | November 6, 2026 transcript | The Ramsey Show | Reclip.Me"
description: "Full transcript of \"Don't Let Debt Delay Your Financial…\" from The Ramsey Show, November 6, 2026. 2 h 7 min, 23,250 words, timestamped. 8 notable quotes and…"
canonical: https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript
---

Transcript

# Don't Let Debt Delay Your Financial Future | November 6, 2026

From [The Ramsey Show](https://reclip.me/podcast/the-ramsey-show) · [Episode page](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026) · [Watch on YouTube](https://www.youtube.com/watch?v=hgsJRY8qpD0)

November 6, 2026 · 2 h 7 min · 23,250 words · 436 timestamped sections

This is the full, timestamped transcript of "Don't Let Debt Delay Your Financial Future | November 6, 2026", an episode of The Ramsey Show published November 6, 2026 (2 h 7 min, about 23,250 words). It mentions 79 people, works and ideas, including Dave Ramsey, Ramsay Solutions, Baby Steps, Emergency Fund, ACE.

## What this episode is about

A financially stressed 24-year-old faces potential house sale due to overextended debt, student loans, and unaffordable monthly payments after co-signing with family, raising concerns about losing the down payment and the ability to recover costs. The discussion centers on debt management, potential downside of co-signing, and options to regain financial footing.

## Key takeaways

- Co-signed chaos: joint housing bets amplify risk; separate 'complete standalone deals' reduce familial buying misfires.
- Stupid tax is real: accountability, not blame, resets the clock when family-enforced deals collapse.
- Hope vs. plan: future earnings can fix math, but the present debt snowball still needs a concrete exit strategy.
- Refinance crutch: relying on future income signals danger; align mortgage terms to current cash flow, not fantasies.
- Learned the hard way: start with independent budgets; avoid 'communes' where money signs become targets.

## Who speaks in this episode?

- [Dave Ramsey](https://reclip.me/speaker/dave-ramsey) (Host) · 33 min speaking
- [Jade Wall](https://reclip.me/speaker/jade-wall) (Host) · 11 min speaking
- [Brian Befini](https://reclip.me/speaker/brian-befini) (Guest) · 10 min speaking
- [Richard](https://reclip.me/speaker/richard) (Host) · 5 min speaking
- [Hannah](https://reclip.me/speaker/hannah) (Host) · 4 min speaking
- [Jordan Peterson (mentioned)](https://reclip.me/speaker/jordan-peterson-mentioned) (Guest)

## What is discussed, and when

1. [0:00](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=0) – 15:00: [Dave Ramsey](https://reclip.me/person/dave-ramsey), [Medicare](https://reclip.me/concept/medicare), [Baby Steps](https://reclip.me/concept/baby-steps), [Ramsay Solutions](https://reclip.me/company/ramsay-solutions)
2. [15:00](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=900) – 30:00: [Tax credit](https://reclip.me/concept/tax-credit), [ACE Scholarships](https://reclip.me/sponsor/ace-scholarships), [ACE](https://reclip.me/company/ace), [Netsuite](https://reclip.me/sponsor/netsuite)
3. [30:00](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=1800) – 45:00: [Ramsay Solutions](https://reclip.me/company/ramsay-solutions), [Dave Ramsey](https://reclip.me/person/dave-ramsey), [EveryDollar](https://reclip.me/product/everydollar), [Old Testament](https://reclip.me/book/old-testament-2)
4. [45:00](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=2700) – 1:00:00: [Facebook](https://reclip.me/company/facebook), [Ramsay Solutions](https://reclip.me/company/ramsay-solutions), [Dave Ramsey](https://reclip.me/person/dave-ramsey), [Building the Marriage You Want](https://reclip.me/product/building-the-marriage-you-want)
5. [1:00:00](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=3600) – 1:15:00: [Afterpay](https://reclip.me/company/afterpay), [Syracuse](https://reclip.me/location/syracuse), [New York, New York](https://reclip.me/entity/111541), [Dave Ramsey](https://reclip.me/person/dave-ramsey)
6. [1:15:00](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=4500) – 1:30:00: [Affirm](https://reclip.me/company/affirm), [Dave Ramsey](https://reclip.me/person/dave-ramsey), [Ramsay Solutions](https://reclip.me/company/ramsay-solutions), [Facebook](https://reclip.me/company/facebook)
7. [1:30:00](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=5400) – 1:45:00: [El Paso](https://reclip.me/location/el-paso), [EveryDollar](https://reclip.me/product/everydollar), [Emergency Fund](https://reclip.me/concept/emergency-fund), [Dave Ramsey](https://reclip.me/person/dave-ramsey)
8. [1:45:00](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=6300) – 2:00:00: [Baby Steps](https://reclip.me/concept/baby-steps), [Bankruptcy](https://reclip.me/concept/bankruptcy), [Dave Ramsey](https://reclip.me/person/dave-ramsey), [Emergency Fund](https://reclip.me/concept/emergency-fund)
9. [2:00:00](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=7200) – 2:06:39: [Dave Ramsey](https://reclip.me/person/dave-ramsey), [Emergency Fund](https://reclip.me/concept/emergency-fund), [Ramsay Solutions](https://reclip.me/company/ramsay-solutions), [Sharon Ramsey](https://reclip.me/person/sharon-ramsey)

## Notable quotes from "Don't Let Debt Delay Your Financial Future | November 6, 2026"

-

> Normal is broke and common sense is weird. So, we're here to help you transform your life. From the Ramsey Network in the Fair Winds Credit Union studio, this is the Ramsay Show.

*about [Dave Ramsey](https://reclip.me/person/dave-ramsey) · at [0:12](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=12)*
-

> That because we are co-signed on the house. and I just came upon you guys in the baby steps a couple months ago. So, I'm learning real fast that's not the way to go. So, just wanted to get your guys' opinion on that.

*about [Baby Steps](https://reclip.me/concept/baby-steps) · at [1:44](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=104)*
-

> Netswuite is built on leading practices from thousands of businesses, preloaded and ready to go. Ramsay Solutions switched to Netswuite years ago. It helped us know our numbers…

*about [Ramsay Solutions](https://reclip.me/company/ramsay-solutions) · at [20:51](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=1251)*
-

> So, what I want to tell you about is an awesome way to do that and help a kid in the process. Brand new law that's passed, takes effect January 1, called the Education Freedom Tax Credit, the EFTC, Federal Tax Credit. Here's how it works.

*about [Education Freedom Tax Credit](https://reclip.me/concept/education-freedom-tax-credit) · at [22:01](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=1321)*
-

> Trump paid for it, Congress paid for it, the IRS paid for it. I didn't cost me a dime. ACE Scholarships is going to start showing you how to do this at the first of the year.…

*about [ACE](https://reclip.me/company/ace) · at [23:26](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=1406)*
-

> Yeah. And sign him up, Christian for free every dollar. Okay. and get him going on that so that we can every dollar is the budgeting app, but it walks you through the baby steps and.

*about [EveryDollar](https://reclip.me/product/everydollar) · at [37:42](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=2262)*
-

> Well, once you're out of debt, except the house, you have your emergency fund of 3 to six months of expenses. Now, you're starting to invest for retirement. We call that baby step four.

*about [Emergency Fund](https://reclip.me/concept/emergency-fund) · at [1:46:16](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=6376)*
-

> Is under control cuz we're going to pay minimum payments on it. And then we're going to list these credit cards, smallest to largest, pay minimum payments on everything but the…

*about [Debt snowball](https://reclip.me/concept/debt-snowball) · at [1:52:28](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=6748)*

## Who and what is mentioned in this episode?

### People

- [Dave Ramsey](https://reclip.me/person/dave-ramsey) — Person · Host · 22 mentions · first at [0:18](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=18)
Primary host and lead financial advisor guiding callers through Ramsey Solutions' Baby Steps and offering financial guidance throughout the episode.
- [Jade Warshaw](https://reclip.me/person/jade-warshaw) — Person · Co-host · 3 mentions · first at [0:23](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=23)
Co-host throughout the episode, provides commentary, asks clarifying questions and supports Dave's guidance for callers.
I'm Dave Ramsey. Jade Wall, number one bestselling author. Ramsay personality is my co-host today. the phone number here. Well, we're here every day, Monday through Friday,.
- [Brian Buffini](https://reclip.me/person/brian-buffini) — Person · Guest / Real estate expert · 2 mentions · first at [10:33](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=633)
Featured guest expert on real estate market trends; offers market perspective and advice about buying, selling, and timing.
Price change. The rates you have are the rates you have. The market you have is the market you have. If it's time to go buy a house, it's time to go buy a house.
- [John Delony](https://reclip.me/person/john-delony) — Person · Author featured · 4 mentions · first at [53:43](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=3223)
Author of the promoted marriage book; Dave references him and the book promotion during the episode.
Dr. John Deloney's new book, Building the Marriage You Want, is available right now for pre-order.
- [Sharon Ramsey](https://reclip.me/person/sharon-ramsey) — Person · Host's spouse (referenced) · 5 mentions · first at [23:19](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=1399)
Referenced by Dave in examples about joint giving and family decisions; used as part of personal anecdotes.
A full refund. Yeah. So, like if I give this company, if I give ACE, who is the ACE scholarships educationfreedom.org, if I give them $3,400 to give to a kid for scholarships, married filing jointly.
- [William Roth](https://reclip.me/person/william-roth) — Person · Legislative historical reference · 1 mention · first at [27:51](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=1671)
Referenced as the senator who created the Roth IRA; used as a comparison to the excitement about the Education Freedom Tax Credit.
Senator William Roth passed a new version that allowed it to grow taxfree.
- [Jordan Peterson](https://reclip.me/person/jordan-peterson) — Person · Quoted author / thought leader · 1 mention · first at [1:56:50](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=7010)
Quoted with an idea about personal growth: 'Compare yourself to who you were yesterday, not who someone else is today.'
Will be judged. And with the measure you use, it will be measured to you. Jordan Peterson says, Compare yourself to who you were yesterday, not who someone else is today. Ooh…
- [Sam Ramsey](https://reclip.me/person/sam-ramsey) — Person · Personal anecdote reference · 2 mentions · first at [1:14:23](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=4463)
Referenced as a member of Dave Ramsey's family in an anecdote about taking side gigs during financial hardship.
Need is a headset and a computer. And that's a great place to start. I used to do that to fill the gap when Sam and I were getting out of debt.
- [Donald Trump](https://reclip.me/person/donald-trump-8) — Person · Political reference · 1 mention · first at [23:24](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=1404)
Referenced briefly as part of commentary about who funded the Education Freedom Tax Credit (tongue-in-cheek: 'Trump paid for it').
Translation, Trump paid for it, Congress paid for it, the IRS paid for it. I didn't cost me a dime. ACE Scholarships is going to start showing you how to do this at the first of the year. You're going to hear us.

### Books & papers

- [Old Testament](https://reclip.me/book/old-testament-2) — Book · Reference for giving/tithe discussion · 3 mentions · first at [39:50](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=2390)
Referenced when explaining the origin and definition of tithing and the biblical basis for giving a tenth.
Tenth of our income to our local house of worship. Okay? And that is the definition of the tithe. The tithe is defined in Isaiah as to give a tenth of your income on your net increase.
- [Isaiah](https://reclip.me/book/isaiah) — Book · Scriptural citation · 1 mention · first at [40:13](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=2413)
Quoted as the Old Testament book that defines tithe as giving a tenth on net increase.
That's what makes this substantially different. So, two or three things I want you to note here. Number one, the difference between a tax credit and a tax deduction. Number…
- [New Testament](https://reclip.me/book/new-testament) — Book · Religious reference · 1 mention · first at [39:52](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=2392)
Mentioned to contrast with Old Testament tithing instruction and to indicate the continuity of giving teachings.
Sure we're clarifying. The tithe is an Old Testament \[snorts\] instruction that bleeds over into the New Testament. Most evangelical Christians and most folks particularly Orthodox in the Jewish world believe in giving a.

### Companies & orgs

- [Ramsay Solutions](https://reclip.me/company/ramsay-solutions) — Company · Producer / Organizer · 23 mentions · first at [0:16](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=16)
Producer of the show and owner of many products and services referenced (EveryDollar, Ask Ramsey, SmartVestor Pro referrals, events).
- [ACE](https://reclip.me/company/ace) — Company · Recommended charity partner / administrator of Education Freedom Tax Credit donations · 5 mentions · first at [23:13](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=1393)
Referenced repeatedly as the vetted scholarship organization (ACE Scholarships / educationfreedom.org) people should use to take advantage of the new Education Freedom Tax Credit.
- [Facebook](https://reclip.me/company/facebook) — Company · Problem source (scams/ads) · 7 mentions · first at [45:26](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=2726)
Called out as the platform through which elderly callers are being targeted by scams and misleading ads; Dave advises limiting access to reduce fraud risk.
Have a mortgage and $12,000 in credit card debt. And they've always had spending issues. and lately they've been clicking on a lot of Facebook ads and they'll put their card…
- [Afterpay](https://reclip.me/company/afterpay) — Company · Buy-now-pay-later provider mentioned as a problem · 3 mentions · first at [1:06:00](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=3960)
Referenced negatively as an enabling mechanism for overspending on clothing (buy-now-pay-later) for a single mom caller.
Clothes, either into their food. I just finished buying all the clothes that they needed and I'm still kind of paying on some of that through Afterpay cuz that's my best friend…
- [Affirm](https://reclip.me/company/affirm) — Company · Buy-now-pay-later provider mentioned critically · 3 mentions · first at [1:16:55](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=4615)
Used as an example of buy-now-pay-later (Affirm) that callers were urged to stop using because it increases indebtedness.
That's kind of dumb, you know. And if you have a conversation with some friends that way and you say, Enablers are harmful people. They're not nice at the end. They think they're.
- [Facebook Marketplace](https://reclip.me/company/facebook-marketplace-2) — Company · Recommended sales channel / referenced platform · 2 mentions · first at [1:28:37](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=5317)
Mentioned as the place a caller planned to sell a car and as the source for used car purchases/sales.
My vehicle broke. completely gone. They said it needs an engine replacement. We're just going to sell it on Facebook Marketplace. So, we do have two vehicles, but I am…
- [Kelley Blue Book](https://reclip.me/company/kelley-blue-book) — Company · Car valuation reference · 1 mention · first at [1:10:57](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=4257)
Canonical car valuation reference name; correct spelling
Yeah. I think my first thing, order of business, would be the car. I'd be going on Kelly Blue Book to find out if I can do a private sale. Hopefully you can break even. If you can't, all my margin.
- [PayPal](https://reclip.me/entity/110815) — Company · Fraud/scam example · 1 mention · first at [50:32](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=3032)
Mentioned as part of a scam caller's message claiming they owed money; used to illustrate scams targeting elderly people.
Vitamins that cure diabetes and I'm like yeah it's a scam mom don't click on it's a scam well PayPal said I owe them money you know I it's a scam it's a scam and every time it's like it doesn't stick and I think she's trying.
- [Enterprise](https://reclip.me/company/enterprise) — Company · Rental car example · 1 mention · first at [59:15](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=3555)
Mentioned as an example of renting a car when a vehicle fails and as part of a personal anecdote about an old car being vandalized.
And we're broke as she is. I left that car parked in a parking lot and rented a car from Enterprise to drive to Atlanta cuz it wouldn't go to Atlanta.

### Products & tech

- [Roth IRA](https://reclip.me/product/roth-ira) — Product · Retirement vehicle reference · 4 mentions · first at [27:47](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=1667)
Referenced as a tax-advantaged retirement vehicle; Dave encourages use and mentions historical significance of Roth conversions/benefits.
So get with a Smart V. Get with a Smart V Pro.
- [Toyota Venza](https://reclip.me/product/toyota-venza) — Product · Caller vehicle example · 1 mention · first at [54:53](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=3293)
Caller referenced buying a 2010 Toyota Venza with 113,000 miles and asked about insurance coverage levels.
Thank you for taking my call. I recently purchased a 2010 Toyota Venza. It has 113,000 miles on it. It's mint condition.

### Concepts & topics

- [Baby Steps](https://reclip.me/concept/baby-steps) — Concept · Framework · 8 mentions · first at [1:46](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=106)
Core Ramsey Solutions framework referenced repeatedly as the stepwise plan callers should follow to get out of debt and build wealth.
- [Emergency Fund](https://reclip.me/concept/emergency-fund) — Concept · Core strategy · 7 mentions · first at [1:23:46](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=5026)
Central element of Ramsey's Baby Steps - callers are repeatedly advised to build or maintain a 3-6 month emergency fund before long-term investing.
- [Education Freedom Tax Credit](https://reclip.me/concept/education-freedom-tax-credit) — Concept · Policy topic / Call-to-action · 2 mentions · first at [22:10](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=1330)
Discussed at length by Dave as a new (effective Jan 1) federal tax credit that lets donors direct funds to student scholarships and receive a dollar-for-dollar credit.
- [Debt snowball](https://reclip.me/concept/debt-snowball) — Concept · Debt payoff strategy · 1 mention · first at [1:52:31](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=6751)
Implicitly referenced as the method (smallest-to-largest payoff) used to pay off caller debts quickly; core to Ramsey's approach.
- [Tax credit](https://reclip.me/concept/tax-credit) — Concept · Tax policy concept · 9 mentions · first at [22:10](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=1330)
Discussed in the context of the Education Freedom Tax Credit to explain difference between tax credits and deductions and the benefit for donors.
Boys and girls, remember we teach you here the difference between a tax credit and a tax deduction. Huge, huge, huge tax credit. You almost never get.
- [Bankruptcy](https://reclip.me/concept/bankruptcy) — Concept · Legal/financial option · 3 mentions · first at [1:48:49](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=6529)
Raised by callers as a potential solution for overwhelming debt; Dave and others analyze when it is or isn't appropriate.
$68,000 worth of debt. most of it was due to a manic episode that I had. I'm trying to figure out if I should file for bankruptcy or not at this point.
- [Tithing](https://reclip.me/concept/tithing) — Concept · Religious / giving guideline · 2 mentions · first at [38:53](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=2333)
Discussed in caller segment about charitable giving — Dave explains practical approach to tithing and how he applies it.
Estate goes up in value, unless I sell that, I do not tithe on it. I tithe on what actually hits our checking account before taxes. That's what I tithe on. But you can do it on anything you want to do it on in there.
- [Enablers](https://reclip.me/concept/enablers) — Concept · Behavioral diagnosis · 2 mentions · first at [1:43:39](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=6219)
Used to describe parents who continue to support adult children financially, perpetuating dependence and harming long-term outcomes.
And the irony is that they're actually doing harm, right? And mom and dad, you're actually harming my brother and sister, your children.
- [Bipolar Disorder](https://reclip.me/concept/bipolar-disorder) — Concept · Health factor affecting finances · 2 mentions · first at [1:49:04](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=6544)
Mentioned in a caller's context where manic behavior drove excessive spending; Dave connects mental health to financial consequences and recovery.
With a lot of folks facing bipolar. that's why I zoned in on it so quick because 100% of people that stay bipolar and don't get their meds balanced out have financial trouble.
- [SmartVestor Pro](https://reclip.me/concept/smartvestor-pro) — Concept · Service recommendation · 1 mention · first at [36:42](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=2202)
Mentioned as a recommended way to find a vetted financial advisor (SmartVestor Pro) for personalized retirement and investment planning.
So get with a Smart V. Get with a Smart V Pro.
- [Medicare](https://reclip.me/concept/medicare) — Concept · Insurance policy topic · 4 mentions · first at [8:59](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=539)
Referenced in sponsor discussion urging listeners on Medicare to review plans during enrollment window and consider Chapter advisors.
If you or your parents are on Medicare, listen up. Just because a Medicare plan worked this year doesn't mean it's the right one for next year. Premiums, networks, prescription coverage, all of.
- [Term life insurance](https://reclip.me/concept/term-life-insurance) — Concept · Recommended financial product · 2 mentions · first at [52:34](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=3154)
Discussed in sponsor segment (Xander) as essential protection; Dave and Rachel emphasize recommended coverage levels and rationale.
But if you have no money in savings and a mortgage and you have a student loan debt and two little kids, you need life insurance because you transfer the risk you cannot afford to take.
- [401(k)](https://reclip.me/concept/401-k) — Concept · Retirement vehicle reference · 2 mentions · first at [1:57:06](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=7026)
Mentioned among options callers considered when asking whether to invest or pay off car debt; referenced as common employer plan alternative to Roth IRA.
Hi. I was just wondering what I should do next with my money. Should I put it in a Roth IRA, a 401k, or work to pay off my car?
- [Collision insurance](https://reclip.me/concept/collision-insurance) — Concept · Insurance coverage topic · 1 mention · first at [55:44](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=3344)
Discussed in caller segments about car insurance choices and whether older cars should carry collision coverage.
If you raise it to $500, how much does that save you on your insurance premiums?
- [Liability Insurance (generic concept)](https://reclip.me/concept/liability-insurance-generic-concept) — Concept · Insurance concept · 1 mention · first at [55:50](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=3350)
Ambiguous generic insurance concept that is not a specific program
And anyone listening, the best buy in the insurance world is liability insurance of all kinds. And in your case, you carry a 500 minimum a 500 250. and.
- [Codependence](https://reclip.me/concept/codependence) — Concept · Behavioral diagnosis · 1 mention · first at [1:43:44](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=6224)
Used to describe the unhealthy dynamic between parents and adult children who are repeatedly supported financially.
Enablers and say, here's how enabling works. This is your mom and dad, by the way. They are called enablers. These are freaking codependent human beings. Okay?
- [Stupid Tax](https://reclip.me/concept/stupid-tax) — Concept · Colloquial term · 2 mentions · first at [3:08](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=188)
Used by Dave to describe consequences people pay for poor financial decisions (learning the hard way).
But \[clears throat\] mom and dad, I'm just sorry. you signed us up for and we all did it together as grown-up people a bad deal. And when you do that, you get to pay stupid tax when.
- [Consignment sale](https://reclip.me/concept/consignment-sale) — Concept · Frugal clothing strategy · 2 mentions · first at [1:10:06](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=4206)
Mentioned as a low-cost solution for children's clothing by Ramsey hosts as an example of frugal living.
Usually have the patience for them. not so reason. I don't The Ramsey kids grew up in experienced clothing.
- [Medicaid](https://reclip.me/concept/medicaid) — Concept · Healthcare assistance reference · 1 mention · first at [1:06:47](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=4007)
Referenced by a caller who paid a fee to secure Medicaid coverage for an autistic child; used to explain eligibility and coverage complexity.
I have two. and my biggest and most expensive one is my autism child. I recently took on a payment for him to have Medicaid through the state of Texas because he does I know don't qualify for the regular lowincome Medicaid that.

### Places & events

- [Syracuse](https://reclip.me/location/syracuse) — Place · Caller location / local market example · 3 mentions · first at [1:01:01](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=3661)
Used to illustrate a relatively affordable housing market and to reassure a caller about local median home prices (~$181,000).
Most of the time. So, they've got another job. It's not that unusual at all. but good news is Syracuse is very affordable. The medium house price, you just pulled it up for us, Kelly, pulled it up for us, $181,000.
- [Rome](https://reclip.me/entity/111500) — Place · Illustrative example (vacation) · 2 mentions · first at [1:19:39](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=4779)
Referenced by callers as a planned trip being weighed against financial priorities; used to illustrate trade-offs between wants and financial goals.
Year and so this year or technically next year we wanted to like save up for another thing. So basically all the money I'm making from my job, we're going to go to Rome. So…
- [New York, New York](https://reclip.me/entity/111541) — Place · Regional context · 4 mentions · first at [32:30](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=1950)
Used as broader state/city references for callers and market examples (e.g., Syracuse, Rochester).
Brian is in Grand Rapids. Hey Brian, how are you? Hey Dave, I am doing well. so I just recently became debtree. good.
- [El Paso](https://reclip.me/location/el-paso) — Place · Referenced market / geography · 4 mentions · first at [1:31:09](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=5469)
Mentioned by a military caller who owns a rental in El Paso — used to illustrate poor rental/ownership decision while living elsewhere.
So, we are in the military. we bought a house in Texas in El Paso and then a year later we got orders to Georgia.
- [Atlanta](https://reclip.me/location/atlanta-2) — Place · Caller location / context · 2 mentions · first at [59:17](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=3557)
Referenced as a caller's city and used in examples (e.g., a caller in Atlanta).
And we're broke as she is. I left that car parked in a parking lot and rented a car from Enterprise to drive to Atlanta cuz it wouldn't go to Atlanta.
- [Austin, Texas](https://reclip.me/location/austin-texas) — Place · Caller location / context · 2 mentions · first at [1:04:51](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=3891)
Used as location for multiple callers and local context in several segments.
Janelle is in Austin, Texas. Hi, Janelle. How are you?
- [Georgia](https://reclip.me/location/georgia) — Place · State context · 2 mentions · first at [1:26:34](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=5194)
Mentioned as the state where a caller moved and as part of housing examples (e.g., buying in Georgia after military orders).
So, we are in the military. we bought a house in Texas in El Paso and then a year later we got orders to Georgia.
- [Dublin](https://reclip.me/location/dublin) — Place · Biographical detail · 1 mention · first at [10:33](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=633)
Mentioned as birthplace of guest Brian Befini (born and raised in Dublin, Ireland).
People just are concerned about buying a house. They want to own a home, the great American dream. Brian Befini born and raised in Dublin, Ireland, immigrated to San Diego in…
- [San Diego](https://reclip.me/location/san-diego) — Place · Biographical detail / guest affiliation · 1 mention · first at [10:38](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=638)
Used to indicate where guest Brian Befini immigrated to and built his real estate career.
That u coaches more real estate agents across America than any other organization right now. Brian and I have become good friends over the years and so we get him to come on…
- [Denver](https://reclip.me/location/denver-2) — Place · city · 1 mention · first at [1:40:40](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=6040)
City referenced as caller location (Hannah) who asked about family enabling and parents' finances.
So I'm 27, been married for seven years, and we have two small boys that I get to stay home with. but my husband and I are just very much worried for my parents' finances as it's turning.
- [Charleston, South Carolina](https://reclip.me/location/charleston-south-carolina) — Place · Caller origin example · 1 mention · first at [0:49](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=49)
Referenced as the location of a caller (Mark) in an early segment of the show.
Perfect. All right. So, I'm 24 years old. I moved down here post school and for a move for my career and basically the situation did not go as planned like many things that I'm.
- [Grand Rapids](https://reclip.me/location/grand-rapids) — Place · Caller location · 1 mention · first at [32:30](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=1950)
Mentioned as the location of a caller named Brian during one segment.
Brian is in Grand Rapids. Hey Brian, how are you? Hey Dave, I am doing well. so I just recently became debtree. good.
- [Washington DC](https://reclip.me/location/washington-dc) — Place · Political commentary reference · 1 mention · first at [38:31](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=2311)
Referenced in a political quip about government social engineering and not sending more tax dollars to 'you people' in DC.
Get it away from you people that are social engineering with my tax dollars.
- [Milwaukee](https://reclip.me/location/milwaukee-2) — Place · Caller location · 1 mention · first at [38:39](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=2319)
Referenced as the origin of a caller (Melanie) discussing tithing questions.
Is what David Jade would tell you. And it's going to tell you all that while you're doing it. Perfect. Melanie is in Milwaukee. Hi, Melanie. How are you?

### Media & podcasts

- [The Ramsey Show](https://reclip.me/media/the-ramsey-show) — Media · 3 mentions · first at [43:42](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=2622)
Welcome back to the Ramsey Show in the Fair Winds Credit Union studio. Jade Washaw, Ramsey personality, number one bestselling author is my co-host today.

### Sponsors

- [EveryDollar](https://reclip.me/product/everydollar) — Product · Budgeting app sponsor/tool · 8 mentions · first at [0:02](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=2)
Recommended budgeting tool that ties directly into the Baby Steps; repeatedly referenced as a free resource to help listeners budget and find margin.
- [ACE Scholarships](https://reclip.me/sponsor/ace-scholarships) — Sponsor · Sponsor / beneficiary for EFTC · 8 mentions · first at [22:10](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=1330)
Highlighted as a vetted organization to receive Education Freedom Tax Credit donations; Dave urges listeners to check ACE and educationfreedom.org.
Trump paid for it, Congress paid for it, the IRS paid for it. I didn't cost me a dime. ACE Scholarships is going to start showing you how to do this at the first of the year.…
- [Ramsey Trusted Pros](https://reclip.me/sponsor/ramsey-trusted-pros) — Sponsor · Service directory / endorsed provider network · 1 mention · first at [1:45:43](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=6343)
Mentioned as the recommended place to find vetted insurance agents and other service pros (ramsysolutions.com/insurance).
Insurance, Ramsay trusted providers have been coached and vetted to serve you like we would. Find what you need at ramsysolutions.com/insurance.
- [Arise](https://reclip.me/sponsor/arise) — Sponsor · Work-from-home job recommendation · 1 mention · first at [1:14:11](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=4451)
Recommended as a platform to find remote/side-hustle work (arise.com) for listeners needing extra income.
Really matters. So, keep pushing towards that. And do me a favor. we don't endorse them, but there's a place called arise.com. A r i s.com. You can go on there. There's remote…
- [Churchill Mortgage](https://reclip.me/sponsor/churchill-mortgage) — Sponsor · Sponsor / mortgage partner · 1 mention · first at [1:15:46](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=4546)
Promoted mortgage partner (Churchill) — recommended for preapproval and homebuying strategy for listeners.
So, start your search with Churchill.
- [Ask Ramsey](https://reclip.me/sponsor/ask-ramsey) — Sponsor · Digital tool · 1 mention · first at [1:35:40](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=5740)
Mentioned as a free AI money tool that provides personalized answers based on Ramsey principles; promoted to listeners.
Question of the day is brought to you by Ask Ramsey, your free AI money tool that provides personalized money answers based only on Ramsay input, Ramsey principles. So, if you want a question answered like Jaden, I would answer it,.
- [Ramsey cruise](https://reclip.me/product/ramsey-cruise) — Product · Promoted event · 1 mention · first at [1:47:06](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=6426)
Promoted Ramsey Solutions branded cruise event for listeners; framed as reward and educational opportunity for debt-free living.
Because if you live like no one else later you can live and give like no one else. Our next one is on Holland America, a high-end very nice ship. It's March 14th through the…
- [Holland America](https://reclip.me/company/holland-america) — Company · Cruise partner / event experience sponsor · 1 mention · first at [1:47:15](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=6435)
Referenced as the cruise line for the Ramsey Show's upcoming 'live like no one else' Ramsey cruise where Ramsey personalities and listeners attend.
Else. Our next one is on Holland America, a high-end very nice ship. It's March 14th through the 21st. It's all the Ramsey personalities and me and Sharon. And we're going to…
- [Chapter](https://reclip.me/sponsor/chapter) — Sponsor · Sponsor / service (Medicare advisors) · 2 mentions · first at [9:25](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=565)
Promoted as the recommended Medicare advisor resource; call-to-action for listeners on Medicare enrollment.
Sorting through Medicare plans is a mess. There are more than 24,000 of them. That's why I recommend Chapter.
- [BetterHelp](https://reclip.me/sponsor/betterhelp) — Sponsor · Sponsor / promotional partner · 2 mentions · first at [30:07](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=1807)
Sponsor mentioned in the episode ad slate with a discount offer for listeners (10% off first month).
Get 10% off your first month of BetterHelp.
- [Building the Marriage You Want](https://reclip.me/product/building-the-marriage-you-want) — Product · Promoted book / resource · 2 mentions · first at [53:46](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=3226)
Promoted as a resource for couples; Dave mentions he wrote the forward and the book is part of Ramsey's offerings.
Dr. John Deloney's new book, Building the Marriage You Want, is available right now for pre-order.
- [Helix Sleep](https://reclip.me/sponsor/helix-sleep) — Sponsor · Sponsor / promoted product · 2 mentions · first at [1:03:51](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=3831)
Sponsor mention recommending Helix mattresses and a promotional discount for listeners.
Actually sleep. Helix is not just a show sponsor for me. I sleep on a Helix mattress. Helix mattresses are the best.
- [Angel Studios](https://reclip.me/sponsor/angel-studios) — Sponsor · Sponsor / recommended entertainment platform · 3 mentions · first at [0:02](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=2)
Included in the episode's sponsor list as a recommended entertainment platform (Angel.com/Ramsey).
Go to Angel to discover entertainment you can feel good about.
- [Christian Brothers Automotive](https://reclip.me/sponsor/christian-brothers-automotive) — Sponsor · Sponsor / discount partner · 3 mentions · first at [0:02](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=2)
Part of sponsor slate offering listeners a 10% discount (up to $250) with Ramsey discount.
Save 10% (up to $250) at Christian Brothers Automotive.
- [Christian Healthcare Ministries](https://reclip.me/sponsor/christian-healthcare-ministries) — Sponsor · Sponsor / healthcare sharing ministry partner · 3 mentions · first at [0:02](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=2)
Sponsor mentioned with a promotional offer (50% credit toward first month with code RAMSEY).
Receive 50% credit towards your first month with Christian Healthcare Ministries.
- [Fair Winds Credit Union](https://reclip.me/company/fair-winds-credit-union-3) — Company · Studio sponsor / broadcast location · 3 mentions · first at [0:18](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=18)
Named as the studio where the Ramsey Show is broadcast from (Fair Winds Credit Union studio).
Normal is broke and common sense is weird. So, we're here to help you transform your life. From the Ramsey Network in the Fair Winds Credit Union studio, this is the Ramsay Show.
- [Netsuite](https://reclip.me/sponsor/netsuite) — Sponsor · Sponsor / business software · 3 mentions · first at [20:20](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=1220)
Canonical sponsor/product name; we normalize spelling
Helped us know our numbers and we've never looked back. If your revenue is at least seven figures, try Netswuite Next for free at netswuite.com/ramsey.
- [Rachel Cruz](https://reclip.me/person/rachel-cruz) — Person · Sponsor segment voice / Ramsey affiliate · 3 mentions · first at [52:28](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=3148)
Appears in a sponsor read promoting term life insurance and the messaging about protecting family finances.
Hey guys, it's Rachel Cruz. When you get married or have kids, your money decisions aren't just about you anymore.
- [Boost Mobile](https://reclip.me/sponsor/boost-mobile) — Sponsor · Sponsor / promotional partner · 2 mentions · first at [31:42](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=1902)
Sponsor read promoting Boost Mobile unlimited wireless plan and discounted pricing for Ramsey listeners.
Regulatory cost recovery charges, telco recovery fees. What even are those? And the good news is there's hope. You could be paying just 25 bucks a month if you switch to Boost Mobile. That's right.
- [Solace](https://reclip.me/sponsor/solace) — Sponsor · Sponsor / care coordination service · 2 mentions · first at [42:44](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=2564)
Sponsor segment recommending Solace as a health advocate service for families managing chronically ill parents; includes CTA link.
Helping people in this situation is why Solace exists. Solace pairs you with a health advocate who steps in and takes on the logistics, the appointments, the insurance questions, the medical billing questions, the frustration of what does.
- [Xander Insurance](https://reclip.me/sponsor/xander-insurance) — Sponsor · Sponsor / life insurance partner · 2 mentions · first at [52:36](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=3156)
Promoted during a sponsor segment as a recommended broker for term life insurance with contact CTA and phone number.
Income with a 15 to 20year term. And Xander makes it easy to help you find the coverage that you need. Xander is an independent broker who works for you, shopping the top…
- [Marriage Kit](https://reclip.me/product/marriage-kit) — Product · Promoted product · 2 mentions · first at [1:56:10](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=6970)
Offered as a tool for couples to be intentional about marriage; promoted near the episode close.
Month as you make it happen together. We only have a very limited supply. So order yours now for $84.99 at ramseyolutions.com/store.

## Full transcript with timestamps

[0:02](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=2) Brought to you by the Every Dollar app. Start budgeting for free today. Normal is broke and common sense is weird. So, we're here to help you transform your life. From the Ramsey Network in the Fair Winds Credit Union studio, this is the Ramsay Show. I'm Dave Ramsey. Jade Wall, number one bestselling author. Ramsay personality is my co-host today. the phone number here. Well, we're here every day, Monday through Friday, from 1 to 4 central time. You can call in and be part of the show anytime you got a question. The number is88255225.88255225.

[0:49](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=49) Mark's in Charleston, South Carolina. Hey, Mark. What's up? Hey, can you guys hear me? Okay.

[0:53](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=53) Yes, sir. Perfect. All right. So, I'm 24 years old. I moved down here post school uh and for a move for my career and basically the situation uh did not go as planned uh like many things that I'm finding out now especially financially. So moved down here with my younger brother and my fiance and my parents decided to offer to put a down payment on a house for us so we didn't have to rent. Well, just over a year later, my brother moved to a different job, and now it's me and my fiance, and we can't afford the monthly bills with what we're making currently. She's in her master's program, and I have just over $60,000 in student loan debt. So, I've come to terms with the idea of potentially selling it. Um, it's kind of getting dicey with my family not wanting to do that because we are co-signed on the house. and I just came upon you guys in the baby steps a couple months ago. So, I'm learning real fast that uh that's

[1:52](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=112) not the way to go. So, just wanted to get your guys' opinion on that. Are you worried that if you are your parents worried that if you sell the house, they won't make back what they put in it that you would actually lose money?

[2:02](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=122) Yes, ma'am. Yeah. To the tune of how much? So, they put about 50,000 down. Uh we still owe 330 on the house. and I've reached out to a couple realators through your guys's website. Um, they haven't come and looked at it yet, but we're competing with a lot of just standard new homes going up in the area. So, uh, on top of how the market is in general, it's going to be tough to sell from what they're saying.

[2:30](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=150) Okay. \[clears throat\] Well, um, so everyone in the story made a mistake, right,

[2:38](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=158) going into this deal. And so it's not like um you did it on purpose. You your brother didn't intend to leave you hanging. Your parents didn't intend to trap you into something that causes you to be broke. Um and you didn't intend for your parents to lose some of the money that they put in.

[2:57](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=177) Correct. Um but \[clears throat\] um mom and dad, I'm just sorry. I mean, you you signed us up for and we all did it together as grown-up people a bad deal. And when you do that, you get to pay stupid tax when you do something stupid. And I paid a lot of stupid tax in my life. And so I think that, you know, it's not like the, you know, unless your parents are going to start writing checks to cover where your brother left, then they don't get a vote anymore. It's unfair for them to ask you to continue to pay something that you can't pay. And by the way, you didn't sign up to pay the whole thing,

[3:34](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=214) right? But you got had it dumped in your lap. Is did I understand that correct?

[3:39](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=219) That's correct. Yeah. I mean, this is first time home buying process, so obviously I've learned a lot through this. Um, and again, through what you guys preach on the show,

[3:47](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=227) I mean, yeah, there's there's like six things y'all did wrong, but I mean, in the first time, it's not just first time home buying. It's mom and dad put down money, mom and dad are on the note, brother was on the note, every it's like a freaking commune, man. I mean, y'all created a mess. And so, you know, what you need to do is you have to do these deals as complete standalone. Period. If mom and dad want to help a young family get started and give them some money, no strings attached, for a down payment, that's fine. But that's not what happened here,

[4:17](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=257) right? And so, they thought they were doing a good thing. They didn't do this with malice. I'm not accusing them of that. But they did a really stupid thing to their own children. And now they're going to pay a price. Yep. So I and I don't know how to make them okay with that except that they take responsibility for their stupid thing they did. Um you know in my life I have gotten screwed by conmen almost never but I've gotten screwed over by some enthusiastic ignoramises a lot and that's what your parents are.

[4:51](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=291) When do uh just to see if there's any light at the end of this tunnel when do you get married?

[4:56](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=296) Uh so it'll be September. in September once she finishes her master's program this coming May um her income will go up significantly but again it's getting to that period and you know there's no saying when exactly that exam is going to be so there's just a lot of unknown

[5:12](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=312) she studying uh behavioral analysis okay what's she expect to earn in that field

[5:18](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=318) uh right once she passes her board certification it'll be over six figs okay and is would that be enough once you guys combined your income would that be enough for this payment to be a fair part of your take-home?

[5:30](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=330) Yeah. Yeah. So, right now the mortgage is 2,300 per month. Um that's not including any utilities or anything like that. So,

[5:38](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=338) \[clears throat\] um once she starts making that income, that would absolutely be doable. Again, trying to tackle the student loans as well. We're on board with the hard you shouldn't have bought a house while you had student loans either. That's the other one. But you didn't know all that. You weren't listening to us at the time. But that's one of the six things y'all did wrong.

[5:54](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=354) I'll be honest with you. I don't like the even though that you could guys could probably float that mortgage when she starts working. I don't like the plan because now you'd have to refinance. Somebody would have to take their name off the mortgage. I think the best route is

[6:06](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=366) sell it to sell it. Okay. And the parents are going to have to yeah pay the stupid tax to Dave's point if there is

[6:13](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=373) they're not going to get all their money back out. But that's how life works. There's been mention of trying to rent it. I voiced an opinion of not wanting to do that. Is that a fair statement?

[6:22](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=382) I don't want to do that. Broke people shouldn't have rental property. And that wasn't the purpose of it to begin with. That's a default. Correct.

[6:28](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=388) Yeah. Because when they don't pay one month, you're back into I'm screwed again,

[6:32](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=392) right? And guess what? Renters don't always pay. I know it's magical, but they don't,

[6:37](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=397) right? So, yeah. Yeah. It's Yeah. Mom and dad, if you want to refinance it and put it all in your name and you then you can do with it whatever you want to do with it. It's your house at that point. I'll take my name off of it. But we need to be free of this trap that we have all gotten me into. By the way, your other son took off. Yeah. I mean, let's keep that in mind, you know. I mean, that that this is the conversation. I mean, I

[7:06](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=426) Yep. But even that from the beginning was a bad plan. The idea that two brothers were going to live together for how long is

[7:12](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=432) before until one of them gets married and then we've got a problem. That's what I mean. It's like a commune.

[7:17](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=437) It's just a, you know, no, that's not going to work. So, um, yeah, but this is when people get desperate to own a property and they're not ready to buy a property, then we get all this entanglement.

[7:29](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=449) Yeah. And just slow down. Real estate is not a good purchase when you're broke.

[7:38](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=458) Do I need to say that again? Say it again. It's not a good purchase when you're broke. It's an excellent purchase to own a home as a key part of your long-term wealth building. But when you own a home that owns you, you've screwed up. And moms and dads, you're not doing your kids, grown kids, whatever that means, a favor. And you're really not doing them a favor when you handcuff them to you, handcuff them to each other, and handcuff them to something that doesn't work, doesn't play out, doesn't have a good five-year strategy even. Because as you said, two brothers, one of them is going to get another job in another city and the other one's going to get married.

[8:14](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=494) Hello. This is what's happening. This is like how life works. Gosh, man. I'm so sorry you're learning all this the hard way, but you'll get out of it and it'll be okay. But I I fe I I would uh cut bait. I wouldn't continue to fish.

[8:59](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=539) If you or your parents are on Medicare, listen up. Just because a Medicare plan worked this year doesn't mean it's the right one for next year. Premiums, networks, prescription coverage, all of it can change, even if your health hasn't. So, if you just roll over your plan, you might get stuck overpaying or not getting the coverage you need. But sorting through Medicare plans is a mess. There are more than 24,000 of them. That's why I recommend Chapter. Their adviserss compare all of those plans to find the exact one that makes sense for you, your health, your doctors, your budget, and using their services costs nothing. In fact, Chapter saves Ramsay fans an average of $1,100 a year, which is why they're the only Medicare advisors I recommend. Look, Medicare annual enrollment is happening right now. Don't assume this year's plan still works. Review it with Chapter before the window closes on December

[9:56](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=596) 7th. Just go to askchapter.org/ramsey. askchapter.org/ramsey or click the link in the description.

[10:14](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=614) Well, this week, one of the things that continues to be top of mind with all of you is real estate. And um I've had my real estate license since I was uh 18 years old in 1978, and it has been top of mind almost ever since then. Uh people just are concerned about buying a house. They want to own a home, the great American dream. Brian Befini uh born and raised in Dublin, Ireland, immigrated to San Diego in 1986. He has become one of the nation's top realtors and then he founded Buffinian Company that u coaches more real estate agents across America than any other organization right now. Brian and I have become good friends over the years and uh so we get him to come on here every so often to make sure that we keep our perspective correct on all of this real estate stuff going on. Welcome back, my friend.

[11:03](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=663) Uh, it's great to see you, Dave and Jay. It's great to be on with you guys. It's great to have you, sir. Thanks for hanging out with us again. So, uh, you were with us back in September. We're talking about the Road to Housing Act. Uh, we're talking about the possibility of an executive order on capital gains. Uh, didn't happen, I guess. Uh, increase in under of under 30 year olds living at home. What are you seeing out there right now fresh in the real estate market? Bad news, good news. Well, so actually the bad news is all the misinformation. So if you are looking to buy or sell a home, you go online and you're going to see the doom scrollers and all you're going to see is the market's fallen, the sky is falling, prices, more sellers than buyers, and you're going to hear all this stuff. So here's the truth for all your folks, Dave. 40% of every home in the United States is owned free and clear. Another

[11:56](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=716) 42% they have 50% equity. Another 15% are current on their mortgage. So, as this might be as profound as an Irishman gets. You can't foreclose on a house where they don't have a loan. Would you agree with that one?

[12:11](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=731) We we've done detailed research. We found this to be true. Yeah. \[clears throat\]

[12:15](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=735) So, here's the thing. Maybe your work is getting close to completion here, Dave. 83% of all homeowners in the United States are either free and clear or 50% equity and above. So that means it is impossible for this doom scrolling. The market's going to capitulate. I'm going to wait to buy for the crash. And now once the crash comes, I'm going to enter the market. The market's going to stay flat. There's going to be very little price change. The rates you have are the rates you have. The market you have is the market you have. If it's time to go buy a house, it's time to go buy a house.

[12:49](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=769) Yeah, that's good word because, you know, the the point is is that when I have a house up for sale, actually I've got one of my rental houses is empty. I put it up for sale right now. It's paid for. It's a small percentage of my world. The chances of me taking a beating on the price on that are really close to zero. I'm not what you would call a motivated seller by the doomcrollers. Uh I'm just going to sit there until someone pays me for it or I'll just put another renter in it. One of the two. Cuz rents are up, right?

[13:19](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=799) Aren't rents going up? Right. Yeah. So you know these guys people are not going to people that don't

[13:26](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=806) no they've kind of stabilized and one of the things we we've seen people even so the yeah if if I'm not forced to sell if I'm not in uncomfortable financial pinch there's no reason for me to quote slash prices and yet I'm with you we pull up internet uh my producer sent me an article last week it said you know prices being slashed and I I'm like I read down into the article and read the actual statistics and that was just simply not true uh by their own admission inside the article, but they didn't mind putting that up there as clickbait and scaring the hell out of everybody

[14:02](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=842) that the world's coming to an end. Yep. So, I'll market's stable, prices are stable.

[14:09](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=849) I have a a question for you and maybe there's some hope that you can offer and and I I'll say this from my age bracket. Uh I'm 42 and so a lot of people are getting hung up on the stats that came out recently. They came out this month and they're saying, okay, the the median age of a firsttime home buyer, it's causing people some alarm because I mean, you go back to the 1980s, it was 29 was the median age. You go to 2024, 38 was the median age. And now they're saying 40 is the median age of a first-time home buyer. And so, a lot of our audience, they're so scared that they're going to be behind. I'm falling behind. I'm behind the curve. I mean, what do you have to say to that? I mean, we're crock-pot people over here, so we understand that it can take time, but what do you have to say uh to those folks?

[14:53](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=893) You know, keep hope alive. Keep working hard. Keep saving your money because opportunity knocks to those who are prepared. And so, I'm in a situation where I'm saving my money. I keep improving my situation. Don't make the dumb mistakes that set me back. Don't buy the the new car and finance it for seven years. You know, keep myself in a position. And what will happen is there will be opportunities in this market. There will be times when the mark the rates are going to dip and it's going to be a fluctuating interest rate. Well, you know, if the rates go down a single percentage point, it makes 5 million people more uh qualified to buy a home in America today. And so, we're going to have dipping rates. We're going to have dipping oil prices based on world events and things like that. Uh and America, for whatever reason, likes divided government. So we're going to have a period now where kind of nothing happens

[15:45](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=945) and so but the markets tend to like that. So my my stay is like the boy scouts, right? Be prepared.

[15:51](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=951) That's right. And so that's it. And so whatever anyone else's statistic is and how old it is doesn't matter. The real thing is how much money can you save? How debtree can you get? And keep prepared. And when the deal comes, the rates drop or an opportunity comes up with a property, you're ready to strike.

[16:09](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=969) Yeah. If you work harder than most, you make more than most, um you save more than most, you don't make the mistakes of most, then you're not the statistics of most.

[16:18](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=978) That's good, right? And so, you just don't be like everybody else. Don't be mediocre. But so, I never planned in my life to be a statistic.

[16:25](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=985) Uh unless unless I was unless I was the success statistic, right? So, don't don't plan to be a loser. Don't plan to be falling into this. And and you know, we can analyze why. Well, people are getting married later, and it's not double incomes. That's true.

[16:39](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=999) Uh people are riding out huge amounts of student loan debt, which is affecting their ability to buy a house.

[16:47](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=1007) Uh the they're riding out the largest car debt in history, which is affecting their ability to buy a house. They're riding the largest.

[16:55](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=1015) And so when you say, "Oh, median house pro the median age of a house buyer is now over 40." It makes it sound like the housing market caused that. No, the housing market is the symptom of that.

[17:07](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=1027) It's not the problem. The problem is the mess these people are in and have gotten themselves in. And that, you know, the car companies have screwed them. Congress has screwed them with student loans. Credit card companies continue to screw them. And we just continue to sign up for this bull crap. And people are so far in debt and then they don't get married. And then, as we talked about last time on here, now single ladies for the first time ever, are buying more homes than single men. Right.

[17:31](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=1051) Yep. by by a factor of two to one. By a factor of two to one 21% of the market was single women last year

[17:37](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=1057) and so I I just think this Dave you know you think about it that the real wages have gone up 3 and a half% this year and prices went up 9/10en of 1%. The projection for next year is real wages are going up almost 4 and a half and prices are going to stay flat or might come down 1%. 1% not 20%. And so over the next two to three years, real wages are going to go up about double digits and prices are going to stay flat. So what's happening is you're you're you're going to have 10% more affordability within the next 3 years. So keep saving, keep grinding, keep making sure you don't do the long-term debt stuff, and you can be in a situation when those rates dip to be able to get yourself a house.

[18:17](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=1097) Well, or if you can get it now and you hate the rate, well, date the rate, marry the house, refinance. Yes, sir. refinance when they dip. Um, go ahead and \[clears throat\] get your foot in the door on the housing because housing

[18:29](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=1109) there's very few times that you can find in history. You can chart it and chart it and chart it that housing goes down in value. Almost never. And it is officially flat right now. It's about as flat as I've ever seen it in 40 years. What do you think?

[18:44](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=1124) I think the next three years are going to look identical to this. That's what I think. I think the rates are going to be hovering around the sevens and I think the price appreciation's going to be about 0 to 1%. And so your your income goes a chance to go up. And look, Dave, you and I were are where we are today because we bought real estate. And when we bought real estate, man, we thought our arms and legs were going to fall off and we ate spaghetti, you know, five nights a week, but it ended up being the cornerstone of our economic portfolio.

[19:11](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=1151) So you said date the rate, marry the house. Is it also fair to say you don't need to love the house? Just get into something that for God's sakes. Do you see what I'm saying? Get into something.

[19:20](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=1160) It's not my forever house. It's not Your only forever house is freaking heaven. Okay. There's no forever house. There's a house on every corner and you're going to see another one next week you like better.

[19:30](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=1170) That's right. You don't have to love the house. Yeah. Get your foot in the door, baby. Lower your expectations. Brian Befini, thanks for hanging out with us, brother.

[19:39](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=1179) Great to see you, bud. Great to see you. If your business is making seven figures or more, you should be proud. out of that. But that growth probably brought a mess with it. Systems that don't talk to each other. It's impossible to track down your numbers because they're scattered everywhere. That's a visibility problem. And Netswuite has solved that problem for more than 44,000 businesses like yours. Netswuite brings financials, inventory, CRM, and more into one place. And their AI tool, Netswuite Next, builds AI into everything, automating busy work like forecasting demand and chasing down overdue accounts. It's not complicated to use. You just ask it questions like you're talking to a person. And you're not starting from scratch because Netswuite is built on leading practices from thousands of businesses, preloaded and ready to go. Ramsay Solutions switched to Netswuite years ago. It

[21:01](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=1261) helped us know our numbers and we've never looked back. If your revenue is at least seven figures, try Netswuite Next for free at netswuite.com/ramsey. That's netswuite.com/ramsey or click the link in the description.

[21:29](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=1289) Guys, I've run into something. I'm just plain stinking excited about. Doesn't happen very often anymore, but I ran into something new. I learned something new and I'm excited about it. So, everything we teach you is to teach you to live like no one else so that later you can live and give like no one else. And the only thing that's better than giving is giving and it doesn't cost you anything.

[21:53](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=1313) Sign me up. I mean, what if I could just designate and give money away and it didn't cost me anything to give the money away? Now, that's just straight up weird and cool. So, what I want to tell you about is an awesome way to do that and help a kid in the process. Brand new law that's passed, takes effect January 1, called the Education Freedom Tax Credit, the EFTC, Federal Tax Credit. Here's how it works. You can contribute beginning in January. This is so stinking cool. To a qualified organization that gives kids scholarships for a better education, public school, private school, charter school, even home school. You can designate the school. You can't designate the kid. And you can give $1,700 for individuals or $3,400 married filing jointly. So, if you're married, you can donate $3,400 and then take a tax credit. Now, stop.

[22:51](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=1371) Boys and girls, remember we teach you here the difference between a tax credit and a tax deduction. Huge, huge, huge tax credit. You almost never get. There's very few of them. But a tax credit is you take your tax bill and you take this off your tax bill.

[23:06](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=1386) That's like a refund. A full refund. Yeah. So, like if I give this company, if I give ACE, who is the ACE scholarships educationfreedom.org, if I give them $3,400 to give to a kid for scholarships, married filing jointly with my wife Sharon, that means I can take $3,400 off my tax bill. Translation, Trump paid for it, Congress paid for it, the IRS paid for it. I didn't cost me a dime. ACE Scholarships is going to start showing you how to do this at the first of the year. You're going to hear us start talking about it more and more and more. This is so cool. So, you can give away $3,400 and then take $3,400 off your tax bill, netting you zero cost.

[23:49](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=1429) Love that. This is stinking cool. Yeah, that's a no-brainer. No-brainer. That's what we call it.

[23:54](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=1434) But you got to do it through ACE, you know. Well, we recommend \[clears throat\] there's going to be several organizations doing this. ACE is one we've checked out cuz as soon as I learned about this, I told my guys,

[24:03](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=1443) you know, go find these organizations that are doing this and find us a good one. Yeah.

[24:07](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=1447) And and find out if I what I think I learned is right. Am I getting scammed? Is there something? But it's real. Starting January 1, the education freedom tax credit by you can use it by contributing to ACE scholarships. And ACE has been doing this for years and getting the tax credit at the state level. They've already done $445 million worth. But I got to tell you, that's that's peanuts compared to what it'll be next year. It'll be billions once people catch on to this that you can not give the government and instead which just makes me happy just when I say that.

[24:40](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=1480) Are you more excited about the kids or the government giving? Oh, and then I also get to help some starving children. No, I'm kidding. But just the fact that I don't give the government money makes me smile. Okay. And but the fact that it goes to kids and pays for education fabulous and it cost me zero to do this. This is kind of this is very cool. So you got to check this out. Don't miss out on your chance. I want you to give like no one else. Learn about this starting right now. The tax credit begins January 1. So if you do it before January 1, it's not going to get the tax credit. So it's 27 2027. Okay? So you do it in January, you take it off your your 2027 taxes off the tax bill. It's not a duct. It's not a deduction. So, if you give $10,000, if you give $3,400 to a ministry, you get a tax deduction.

[25:30](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=1530) That does not save you $3,400. It reduces your income that's taxable. That's right.

[25:34](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=1534) By $3,400, which will save you maybe a,000 bucks in taxes. So, you give away $3,400. You get you take the charitable tax deduction and you save $1,000. That's the difference in a donation or a tax credit and a tax deduction. A tax deduction saves you about a quarter on the dollar.

[25:53](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=1553) A tax credit saves you 100 cents on the dollar. 100 cents goes out, 100 cents comes off. Awesome. This is so stinking cool. And I can't think of anything better than to say, I'm going to disrupt the education market with the government's money effectively.

[26:08](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=1568) I just don't have to send the money. Go the government. I'm just so happy. I'm so happy I don't have to send them any money. Not as much anyway. Oh man, if they if they would do this for 34,000, I'd do it. If they any amount they put on this, I would do it. Oh,

[26:22](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=1582) because you get it back that year. Yes. I mean, it's just comes right back to you. This is kind of a no-brainer. ACE scholarships. So, I want you guys to begin to learn about this and get ready to do your donations next year through ACE. Uh again, it's not going to cost you net net anything. You put out 3,400 married filing jointly, 1,700 as a single. You're going to take that much off your tax bill in the year 2027. ACE will allow you to designate which school, but not which student. You can't say a student. So, you can't use this to pipe your own student through. Okay?

[26:51](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=1611) That won't work. But, but you can run it you can run it over to a school that you appreciate their values or you appreciate what they're doing and help them build up their enrollment. That's great,

[27:00](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=1620) right? That kind of thing. And even even homeschool, you can even designate it to that. So, but not just to your homeschooler. You can't you can't loop it back like that. So, obviously that's not what the intent is. So, um, they've been doing this for more than 25 years. We've checked them out. We've vetted them. They're now officially Ramsey Trusted. If you want to use the government's money to send a kid to school in high school or or elementary school or whatever, that kind of stuff. This is stinking cool. So, the Education Freedom Tax Act is what this is called. Let me do it again. I did that wrong. Where'd it go? Where'd it go? Where'd it go? Where? Okay.

[27:32](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=1652) Educationfreedom Tax Credit Act. Okay. And uh, you can learn about it at educationfreedom.org. That's your website. educationfreedom.org. This is important. You You know, you know, last time I was this excited is when they came out with a new thing called a Roth IRA.

[27:51](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=1671) Wow. Senator William Roth passed a new version that allowed it to grow taxfree.

[27:57](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=1677) That's a big deal. And I went bananas on the air. Well, clearly it's it's a Now, honestly, the Roth IRA is a bigger deal than this is. Yes.

[28:04](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=1684) For you personally, cuz it's cause you can have millions of dollars taxree with a Roth IRA. But I was going, but that keep the government's hands off of it. Let me keep what I let me direct the money I earn to something I care about. Get it away from you people that are social engineering with my tax dollars. You're pissing me off all the time. It's got to stop. This is a way you can direct 3,400 married filing jointly 1,700 to something as an individual to some organization, a school, a homeschool situation, private charter where you choose the values that you want to place your money on. The government doesn't choose your values.

[28:42](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=1722) Cuz the last time I checked, I don't like theirs. Any of theirs, right, left, I don't like any of you up there. You just all piss me off all the time. So, I'd rather not send you money at all ever again if I could get away with it. It's not very patriotic.

[28:57](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=1737) Paying taxes is not patriotism. That's bull crap. So, get this lined up, learn about this. This is pretty incredible. educationfreedom.org and you can begin to learn about this. So, a couple of times you've seen tax credits, Jade, like when the government was trying to incentivize an area of the marketplace. We lost the tax credits and it's really done huge damage to the solar panel world.

[29:25](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=1765) Oh, that's right. Yeah. You used to get a tax credit and that went away two years ago.

[29:30](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=1770) That's right. And now being in the solar panel business is really tough sledding.

[29:34](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=1774) Uhhuh. Because that was being incentivized and you didn't get a tax deduction. You got a tax

[29:38](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=1778) got the credit. So you felt like you were getting the money back. Exactly. I I actually bought a uh an air conditioning system that met some certain guidelines for a house. Yeah. And I got a small much smaller than this little tax credit.

[29:53](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=1793) Yes. And uh the air conditioner salesman said, "Well, you get a tax credit." And I went, "Yeah." What? $4, but it was like 500 bucks or something. But I took it cuz 500 bucks I don't send the government.

[30:02](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=1802) Yeah. I like it. You could get uh in Florida you could buy a generator and I think there was a tax credit for that at one point.

[30:08](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=1808) I'll bet. Okay, that makes sense. Yeah. with hurricanes. Okay. Yeah. So, there's stuff like that that's come and gone over the years that were actual tax credits. Most things though in the giving world are tax deductions. That's what makes this substantially different. So, two or three things I want you to note here. Number one, the difference between a tax credit and a tax deduction. Number two, you get to direct your money to a value system that you believe in. a school that is a a homeschool situation that's doing things the way you believe and it cost you net net zero. Yeah. educationfreedom.org ace scholarships.

[31:20](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=1880) If you're frugal like me, you're looking for every extra dollar you can squeeze out of your budget. But when was the last time you looked at the bills you have on autopay like your phone plan? You might be paying a h 100red bucks or more every month. And for what? regulatory cost recovery charges, telco recovery fees. What even are those? And the good news is there's hope. You could be paying just 25 bucks a month if you switch to Boost Mobile. That's right. With Boost Mobile, you get unlimited wireless for $25 a month to help you save money for other more important things. And that $25 price is locked in forever. No hidden fees, no surprise charges like customer proprietary network information notification costs.

[31:58](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=1918) Nope, not happening with Boost Mobile. Plus, with Boost Mobile, you get to keep your phone and your number with no long-term contracts. Guys, switching to Boost Mobile is the smart move because it's one of the best ways to get more out of your budget. So, go to boostmobile.com/ramsey and make the switch today. That's boostmobile.com/ramsey or click the link in the description.

[32:17](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=1937) $25 forever requires customers to remain active on Boostmobile Unlimited plan. Brian is in Grand Rapids. Hey Brian, how are you?

[32:34](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=1954) Hey Dave, I am doing well. Um, so I just recently became debtree. Um, good. But but but my I I don't have anything in savings and nothing towards retirement. I'm 59 years old. Um, everything is paid for. I'm just curious where should I start putting my money um in order to start saving for retirement and how much of my yearly income should I put into um in into a savings? Um

[33:04](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=1984) you say everything's paid for. Your house is paid off. House is paid off. All our bills are paid off. We're 100% debtree. Um me and my wife, we ate ramen noodles. We drove beaters with heaters. Um you know, I did side hustles. Anything I could to make a buck. And once we made the buck, we put it right towards our debt.

[33:23](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=2003) So, what's your household income? 120,000 a year between the both. And you have zero savings for retirement.

[33:31](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=2011) I have zero savings and I'm 59 years old. Your wife has zero savings, too. That's correct. We took all of our disposable income and threw it in our credit card debt and our mortgage.

[33:42](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=2022) I like it. I'm glad you're there. I'm just making sure I know exactly what we're talking about.

[33:46](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=2026) Making sure we have our terms defined the same way. So, okay, good. You're ready to start investing.

[33:51](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=2031) So, you could save like what? Um, let's see. Make $10,000 a month minus taxes and uh so, you know, uh you can save $2,000 a month easy, right?

[34:03](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=2043) Yeah. 15% is 1500 a month. I'm sorry. Yeah. I think we we could if we kept eating our ramen noodles and bars hot dogs, we could probably save, you know, 1,500 to 2,000 a month.

[34:14](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=2054) Let's just put 2,000 a month in here for a second and see what that does. Um, I'm I'm going to stick it into our little calculator here. I'm curious about this. And so, if we've got um let's see, let's call it six years. And let's just see what that does. Okay. Okay. If you did that for six years, you'd have 200,000 bucks.

[34:34](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=2074) Okay. In a good growth stock mutual fund. Okay. And I just did that on the Ramsey calculator and it's on YouTube and everybody saw me do it. Okay. So, you can pull it up and look at it. Um, if you obviously take that out a little bit further and you said, "Okay, we did that for 10 years because the the difference starts to change real fast." Then, yeah, that becomes 400,000. So, at 69, you could have 400 grand if you save $2,000 a month.

[35:02](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=2102) I'm a little curious though. Don't you feel like, Brian, with no debt in the world, don't you feel like 1,500 off $120,000 income is a little bit low to be

[35:12](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=2112) You should have way way more margin than that, right? You're bringing home what 8,000 bucks a month

[35:18](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=2118) between the two of us. Yeah. So, yeah, we could probably, you know, stick in I would say safely maybe 2500 to be to be safe. I mean, we the only thing we have is our taxes. We live in a rural community, so those are next to nothing. Um, you know, other than lights and and and gas for heat, um, you know, car insurance and those things, we have, you know, we we have enough no debt whatsoever.

[35:41](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=2141) Yeah. I I I don't know if you have an every dollar budget. Before you leave, we'll make sure to give you one. I suspect that there's probably three or $4,000 that you could be investing.

[35:51](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=2151) Yeah. I think when you start messing with it because and and get that calculator out that I'm using right here and and look at it on the website cuz and play with different entries. I'm doing that at a 10% rate of return. If you change the rate of return into what the S&P has done this year and what the S&P has averaged, which would be more like 12%. You'd see a different number as well. And so, by the way, 2500 for 10 years is over a half million dollar. You'd have 500 grand. And your house is your house is probably worth what today?

[36:21](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=2181) Uh about 200. Okay. And so you it would probably be worth in 10 years 500. And so you'd be millionaire at at 69 years old if you did that. And so you're going to be okay, but you're going to have to continue to focus and to concentrate, but you still have enough runway to get off the ground.

[36:40](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=2200) Okay, good. Good. So get get with a Smart V. Get with a Smart V Pro. Yeah, get with a Smart Ver Pro at Ramseyolutions.com. Find one that you like. Sit down with them and tell them what you're facing. And they can even help you with this calculating stuff and just put it down. Hey, if you did this and we made this on it, here's what it would be in this many years. And you just put it in there. And you run a couple of different scenarios out. And what those scenarios do when I'm doing them for you and when I'm doing them for me is they give me hope because right now you call up and you say, "I'm 59. I have zero money." That scares the crud out of me.

[37:16](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=2236) And oh, but but wait, if I do 2500 for 10 years, I got a half million dollars. Oh, okay.

[37:21](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=2241) I'm not as scared anymore, right? That's called hope, right? And so sit down and run some scenarios with the Smart Vtor Pro and they can also show you how to get your Roth IAS going and how to maximize some of your retirement stuff to, you know, to keep the government's hands off of this so that it'll even grow more efficiently.

[37:38](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=2258) Yeah. And if anybody's interested in that calculator, we'll drop the link to that in the show notes.

[37:42](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=2262) Yeah. And sign him up, uh, Christian for free every dollar. Okay. and get him going on that so that we can every dollar is the budgeting app, but it walks you through the baby steps and helps you do make, you know, based on where you are right now, it'll tell you what to do next.

[37:56](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=2276) Well, yeah. And the way it is now, when you first start out, it's going to ask you what your goals are. So, in his case, he's going to say, "My goal is to invest as much as possible, and it's going to help him find the margin to do that and make sure that that's the sole focus of all the margin to accomplish that goal." And so, it's not just a budget. It's really helping you accomplish really whatever your money goal is. Yeah. I mean, it'll point out stuff. It'll go like, "Oh, look. You got a $3,000 tax refund last year. You need to you need to have $250 more a month coming in, and you can put that into your retirement funding,

[38:24](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=2304) right? Oh, and just lower your tax refund. You don't need a tax refund. That's a loan to the government.

[38:29](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=2309) Tax or an interest free loan to the government. Then they give it back to you. Santa Claus does not live in Washington DC. Every dollar will tell you all of that. It'll say, "Okay, this is what David Jade would tell you." And it's going to tell you all that while you're doing it. Perfect. Melanie is in Milwaukee. Hi, Melanie. How are you? Hi guys, I have a two-part question re regarding charitable contributions.

[38:49](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=2329) The first part has to do with from which sources of income should I be tithing? Um specific I've got a list of five here, five or so. Um disability insurance payments, tuition scholarships, an inheritance, gain on sale of home, and student debt relief.

[39:10](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=2350) What debt relief? question has student debt relief, like if my daughter gets a job and her employer agrees to pay off $15,000 of her student loan.

[39:23](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=2363) Okay. And then the second part of my question has to do with the timing because, you know, there's mentioned that we're supposed to give of our first fruits. Mhm.

[39:33](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=2373) So, how do I reconcile that with tax planning and loading up charitable contributions every other year?

[39:41](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=2381) Okay, it's a really good question. Okay, so for those listening, let's just make sure we're clarifying. The tithe is an Old Testament uh \[snorts\] uh instruction that bleeds over into the New Testament. Most evangelical Christians and most uh most folks particularly Orthodox in the Jewish uh world believe in giving a tenth of our income to our local house of worship. Okay? And that is the definition of the tithe. The tithe is defined in Isaiah as to to give a tenth of your income uh on your net increase. Okay? And so it's not if for instance if you run a small business it's not your gross revenues. It would be your net profits. Some people say net increase after taxes. Some people say net increase before taxes. Um and you can argue about that. I I tithe before tax.

[40:39](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=2439) Okay just to give you an example. Now having \[clears throat\] said all of that and laid that in. I also and what we teach at Ramsey, we're all in agreement on this is that uh first and foremost when it comes to generosity, God wants to teach us to be givers. and he's not standing over us with a baseball bat trying to see if we do it wrong. Okay? And so, give yourself a lot of grace. You're the person that asks this question. If you have the the generosity button in your heart that causes you to ask this question, whatever you do is going to make God smile because that's his whole goal is just to get you giving. It's not to catch you doing something wrong in some little nuance of giving or not giving. Okay? And so I tithe on big numbers and I give way more than a tithe in general in general general generosity as well. In case I'm wrong, then I've got it kind of covered.

[41:29](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=2489) But I'm not I'm not worried about God being mad at me or me violating some Old Testament rule or something. Okay? I tithe on what I pay taxes on each year. So if I have unrecognized, unrealized gains, like I have a piece of real estate goes up in value,

[41:50](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=2510) unless I sell that, I do not tithe on it. I tithe on what actually hits our checking account before taxes. That's what I tithe on. But you can do it on anything you want to do it on in there. And but because you got the right spirit and the right heart.

[42:06](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=2526) Absolutely. If you have an aging parent who's been diagnosed with a chronic illness, you know how overwhelming navigating the medical system can be. coordinating with doctors and insurance and trying to understand systems that were built to confuse you all while still running a household, working a job, and raising your own kids. It all feels impossible. Helping people in this situation is why Solace exists. Solace pairs you with a health advocate who steps in and takes on the logistics, the appointments, the insurance questions, the medical billing questions, the frustration of what does any of this even mean? so you can focus on being present for your family.

[43:04](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=2584) Insolace is covered by Medicare and insurance nationwide, making it accessible for people everywhere. Look, your only role in this season should be just being a son or a daughter, not a healthcare expert. If you've been carrying the weight of a chronically ill parent and you need help navigating the medical system, check out Solace. See if you qualify by going to solacealth.com/ramsey. That's sollessalth.com Ramsey or click the link in the description.

[43:42](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=2622) Welcome back to the Ramsey Show in the Fair Winds Credit Union studio. Jade Washaw, Ramsey personality, number one bestselling author is my co-host today. Thank you for joining us, America. We're so glad you're here. Open phones. If you want to call us anytime, Monday through Friday from 1 to 4 central time, we're here. The call is free. Some say the advice is worth what you pay for it, but you ought to try it. The phone number is88255225.88255225.

[44:16](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=2656) Oddly enough, it's been that same phone number for 35 years. It never changed. Never changed.

[44:23](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=2663) Holy moly. How wild is that? That's wild. Well, once I got off of local radio and started doing syndicated radio anyway, so

[44:29](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=2669) it's toll free. Crazy. Toll free. That's something you don't hear much anymore. Toll free. \[sighs\] H there we go. Mary is in Minneapolis. Hi Mary. How are you?

[44:41](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=2681) I'm good. Thank you for taking my call. Sure. What's up? Uh my question is um related to my parents. Is it reasonable to take away my parents' debit cards and put them on a prepaid debit that we put funds onto weekly? And how do I convince them that this might be a good idea? I can give you

[45:02](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=2702) Why are we doing Wait a minute. Why are we doing this? Well, let me My parents are almost 80. Um they live on social security and an annuity. Their annuity is uh has about $30,000 left and it's going to draw down to zero in about two years. um based on their current spending. They have a mortgage and $12,000 in credit card debt. And they've always had spending issues. Um and lately they've been clicking on a lot of Facebook ads and they'll put their card out there and then they get hacked and scammed. And they've actually changed their credit card number or their debit card number 16 times in the last two years. Had to get new account numbers. Um, and they have agreed to let us try to get some control over this and to monitor their accounts, not only for the fraud, but also to help them on a budget. Um,

[45:52](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=2752) Wow, that's nice. That is good. Yeah. Uh, we were we were happy. I think I think one of them's more on board than the other.

[46:00](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=2760) So, you don't know they want to stay in their house. Oh, go ahead. Sorry. You don't think that just creating the budget that they would stick to the budget? You think now I got to load this card and when the funds are done, they're done. Well, the scammers

[46:12](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=2772) they the scammers are part of it, but they've been through your program and it didn't stick. Like they just and they're making short decision, you know, short-sighted decisions.

[46:23](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=2783) Okay. So, what do they need the debit card for mechanically? What's the tactical thing they're going to be doing with it?

[46:31](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=2791) Day-to-day expenses, right? Groceries, because the bills and things could be paid out of their like a second checking account. So, it would be for them to still feel like they had some control, like we're not just like, "Oh, you don't have any cash." But to say, "Hey, you can go to the store, you go."

[46:45](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=2805) So, so they're allowance for day-to-day expenses would be on a prepaid debit, right?

[46:51](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=2811) Okay. Is that overstepping as a child? All my siblings and I \[snorts\] are all in. My dad's pretty much in. You know, I'm not sure about my mom. I think she's going to take some convincing

[47:00](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=2820) because if you had a separate account, like you said, if you just said, "This is the the bill account and I'm monitoring monitoring that. this is the money that they spend from. You're worried that if they just had a normal debit card, number one, scammers could get to it because they're giving out the information left and right. And number two, you think they'd spend till overdraft?

[47:17](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=2837) I do. And it seems dayto day that if they saw an ad, they'd be like, "Hey, what about this?" And I'm always like, "No, it's a scam. Don't click it." You know, even after we've had conversation after conversation, it the habits haven't been changing.

[47:30](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=2850) Are they open to that idea? What if we just monitor? I don't think you're overstepping to the extent that they will allow it.

[47:37](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=2857) Um I mean if they bow up then you don't have a choice. But um you know a 100% of your motivation is for their good. It's not you're not benefiting.

[47:50](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=2870) So no you're not overstepping. Um you know and and honestly what you've described they're so freaking out of control. They need something to give them some boundaries. And a prepaid debit would be nice. This would be an easy way to do it. Um, you know, um, if if you put the exact same amount in a checking account and had a regular debit card, as long as it did not have overdraft protection, um, it would the card would be denied if there was no money in the account,

[48:22](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=2902) right? It'll come back not approved. And I imagine I imagine that would not be their favorite things to happen like at the grocery store, but if it was online, I feel like it would save them in those situations.

[48:32](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=2912) So, what size scam what size dollar amount are the is the average scam you're getting hit with?

[48:39](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=2919) So, the more recent one was three charges of 150 bucks each, and it was something they clicked on, put their information in, and then it double charged and then triple charged.

[48:48](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=2928) Of course it did. Oh, boy. Yeah. Yeah. Okay. And that was just a week ago. You know, the problem is if you had $450 on a prepaid debit, it would clean it out, too.

[48:59](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=2939) Right. It doesn't fix that. So, the other pro the other way to do it is I just monitor it frequently. So, I see it dayto day, but then once the numbers out there, they're going to have to change again, which is really frustrating for them.

[49:12](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=2952) Yeah. Yeah. Prepaid debit's also frustrating because you're that's a new card every month,

[49:17](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=2957) right? Oh, I didn't realize that. Okay. I guess you could recharge the card probably,

[49:23](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=2963) but if it if the number goes bad, you're going to have to get another card anyway.

[49:27](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=2967) Yeah. So, it's kind of the same thing. Um, \[sighs and gasps\] more than anything, we just got to get them off of Facebook.

[49:37](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=2977) Yeah. Just unplug their Facebook account. Truly, this is like this is horrible.

[49:43](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=2983) Yeah, we see this happening a lot. That's why I'm kind of aggravated with you on it. So, we hear this kind of stuff all the time. And and the people, of course, they're prayed on are, you know, the elderly. That's who gets prayed on on this stuff cuz other people are, you know, if you're if you're a 20somes, you don't get scammed much because you think everything's a scam.

[50:01](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=3001) Uh, and when you're 80some, you don't think anything's a scam. So, it's kind of weird.

[50:05](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=3005) So, when you tell them, I mean, I know they're getting up there in age, but when you tell them, hey, don't buy anything

[50:10](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=3010) on Facebook, what? Yeah. Is there they just don't understand that or they don't agree? uh they just don't they they just don't understand cuz I every time she sends it's mainly one my mom you know she'll say hey have you seen this and and it's you know magic vitamins that cure diabetes and I'm like yeah it's a scam mom don't click on it it's a scam well PayPal said I owe them money you know I it's a scam it's a scam and every time it's like it doesn't stick

[50:38](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=3038) and um I think she's trying yeah we got to get her off the grid the right things

[50:43](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=3043) yes we got to get her off the grid she's getting she's get she's got in every scam algorithm and they're double feeding her on everything.

[50:50](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=3050) Yeah, for sure. You know what I would do? Um I'd break the back of that algorithm for one thing. Cancel the Facebook account and open another one,

[51:00](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=3060) a fresh account and completely different new numbers and names and um and let and make the scam algorithm start over

[51:09](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=3069) and just search for Dave Ramsey and then Good idea. Yeah. Well, you won't find me there. You will find my Facebook team there that manages this. So, no, good luck with that. But you see what I'm saying? I would just I would I would break the back of it cuz what's happened is is uh the pipes in her Facebook account are clogged with sewage.

[51:31](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=3091) Yeah, that's a I didn't think of that. That's a good idea. That's also what's going That'll help. But the bottom line is is there's not any way to keep somebody from doing something when they're hellbent on being stupid. So, um, your mom just going to have to really, it's just continuing to talk to her. I I probably would try the prepaid debit or try just a separate account for their weekly or monthly allowance and keep the balance low so it at least gets the amount low. Uh, but you're going to have to end up changing numbers periodically anyway if she keeps in this uh in this level of naivee.

[52:04](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=3124) It's unfortunate. Hey guys, it's Rachel Cruz. When you get married or have kids, your money decisions aren't just about you anymore. And that's why Winston and I have term life insurance through Xander insurance. Because when you love your family, you make a plan to protect them. None of us likes to think about if something were to happen to us. But your income helps keep the lights on, pay the mortgage, and put food on the table. And having the right life insurance means that when you pass away, your family will not be dealing with financial stress during one of the hardest times of their lives. At Ramsey, we recommend term life protection that's 10 to 12 times your income with a 15 to 20year term. And Xander makes it easy to help you find the coverage that you need. Xander is an independent broker who works for you, shopping the top companies to find the most competitive prices on the coverage

[53:21](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=3201) you need. You can get an instant quote online in just minutes. So go to xander.com or call 800356-4282 to get your term life insurance quote today. Dr. John Deloney's new book, Building the Marriage You Want, is available right now for pre-order. Nobody gets married planning to become roommates, but life gets full. kids, work, packed schedules. One day you look up and realize that's exactly what's happened. That's why John wrote building the marriage you want. He explains why marriage can feel so hard, why yours still matters, why marriage still matters, and what you can do to make it great, giving couples practical tools to reconnect and build a stronger marriage.

[54:14](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=3254) It's one of my favorite books he's done. I really like this thing. Of course, I've read it. I wrote the forward and of course, we're publishing it, so I read it. but it comes out in January and you can pre-order right now for $24.99 and lock in $100 in free bonus items including the enhanced audio book, the early access to the ebook delivered two weeks early, instant access to the exclusive video, Dr. John Deloney on connected communication. You're going to love this. Get your copy right now. Ramseyolutions.com/store or click the link in the des in the show notes. All right, Mona is in Rochester, Minnesota.

[54:51](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=3291) Hey, Mona. What's up? Thank you for taking my call. I recently purchased a 2010 Toyota Venza. It has 113,000 miles on it. It's mint condition. What type of in not what type, but I I'm just not sure what coverage I should put on it because of the age of it.

[55:12](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=3312) What you What'd you pay for it? Um, what was it? 69.50. Okay. All right. And what is your net worth?

[55:26](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=3326) Super much. I'm sorry. Not much. I don't I couldn't even tell you. Okay. All right.

[55:32](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=3332) So, if if the car got totaled, the loss of $7,000 would be large for you. Yes. Then you should have full coverage. You should have collision and liability. And anyone listening, the best buy in the insurance world is liability insurance of all kinds. And in your case, you know, you carry a 500 minimum a 500 250. Uh and

[55:59](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=3359) uh do do not buy 15075, that kind of thing. Go ahead and get a liability. It doesn't cost that much for the liability part. And that's the thing that really gets people in trouble in a big wreck,

[56:09](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=3369) but you need to be able to replace the car if it goes bad. And then the only question is how large a deductible you want to carry.

[56:17](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=3377) And um what I would do is just go to ramsysolutions.com and click on our uh our Ramsey trusted. They can price out a policy for you from several different insurance companies and and several different levels of deductible. Let's talk about that for a minute. Okay. The lowest deductible is $ 250.

[56:38](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=3398) $250. Okay. Okay. So, if you total the car, they would reduce the amount of the value of the car by $250. You pay $ 250, they pay the rest of it.

[56:47](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=3407) Okay. Mhm. If you raise it to $500, how much does that save you on your insurance premiums? And that's the question I would want to know in this case.

[56:58](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=3418) It's probably a lot. Okay. I could I could easily do that. Yeah. And you're probably It's probably worth it. But what you're doing, the way you want to look at it is this. Okay. Let's say that it saves you $25 a month. Okay.

[57:17](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=3437) Mhm. And uh but you're taking instead of taking $250 worth of risk, you're taking $500 worth of risk. So that's a $250 extra risk. Do you understand what I'm saying?

[57:28](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=3448) Yes. Okay. You divide that into the savings of $25 and that's 10 months you break even. If it's $25 a month savings, you would do that for sure. Okay. If it's $2.50, it takes you 10 years to break even without a wreck. No, I'm not doing that. I'll take the 250 instead of the 500.

[57:51](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=3471) Mhm. So, you want the extra risk to pay you back in reduced premiums pretty quickly,

[57:58](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=3478) right? Okay. And and that's that's the only thing I'm the only question I've got about the insurance is which of those two you'll do. I don't think a $1,000 deductible on a $7,000 car makes any sense.

[58:10](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=3490) Okay. Um if you're going to do that, you may want to just selfinsure it. And I don't think you need to self-insure it. I think you need collision.

[58:15](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=3495) Yeah. She doesn't have any money. Yeah. And and so \[clears throat\] so Jade, Sharon, and I were broke. Um I was driving that car that a guy loaned me that was probably worth $200. And um

[58:30](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=3510) is this the Bondo one? Yeah, the bondo buggy we called it cuz the predominant color on it was bondo. Uh but it ran and I could go to the go to work. It just had the police followed me, you know, and so um you know what are you doing in this neighborhood with that car? And so um I got a $1,000 car.

[58:48](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=3528) Yeah. And for some silly reason I saved up and paid $1,000 for a car. For some silly reason I put collision on the thing.

[58:56](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=3536) Oh, I do not know why. Maybe you didn't understand it. I know. I just I was just habit. I guess I probably should have self-insured through a thousand dollar car, right? But we were broke.

[59:08](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=3548) We were broke as she is, right? And we're broke as she is. I left that car parked in a parking lot and rented a a car from Enterprise to drive to Atlanta cuz it wouldn't go to Atlanta.

[59:19](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=3559) Yeah. Sure. When we came back, the car looked like a bomb had gone off. Vandalism. Somebody beat every window, every tire, slit the tires, cut the seats out of it, destroyed the car, and total the car.

[59:34](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=3574) Oh my gosh. Okay. They gave me $1,200 for the $1,000 car. I'm like, I need to do this again.

[59:42](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=3582) Yeah. Wow. So, when you're broke, carrying collision can really be a real smart idea. You know,

[59:51](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=3591) for you, it was thing looked like somebody dropped a bomb on it. The radio was the only thing worth $1,000. Not even the car.

[59:58](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=3598) That's crazy. Classic. You might be a redneck if the radio increases the value of your car.

[1:00:04](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=3604) But yeah. Oh man. But that's her situation. You know, for sure. For sure. $7,000 if she loses that car is a big deal. She doesn't have the money to replace it.

[1:00:15](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=3615) So that's what that's why you buy insurance. You by and large insurance you don't make money on. But insurance transfers risk you can't afford to take.

[1:00:26](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=3626) So that's the biggest question you have. Can you afford to take the risk? So for instance, if you have $2 million in a mutual fund and zero debt and a three-year-old and a 5-year-old and the husband dies in a car wreck and he's the main bread winner, you can afford to take the risk without life insurance. But if you have no money in savings and a mortgage and you have a student loan debt and two little kids, you need life insurance because you transfer the risk you cannot afford to take.

[1:00:57](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=3657) Absolutely. And she can't afford to take the risk on that. So that's a good little insurance lesson right there. I like it. Jackson's in Syracuse, New York. Hi Jackson. What's up?

[1:01:06](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=3666) Hi. Thank you for taking my call. I appreciate it. Sure. How can we help? So, me and my wife would like to eventually be able to afford to buy a home, but right now it just seems like an impossible reality. I'm trying to see if that's true or

[1:01:22](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=3682) Why does it feel like it's an impossible reality? Um, I'm a student pastor in New York. Um, I'm a full-time student pastor and my wife's stay at home mom. We have two little ones, a three and a half year old and a one and a halfyear-old.

[1:01:37](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=3697) What do you make from my job? I make $4,200 after taxes. So, I'm grateful for that. It just doesn't seem like after all of our expenses, I have around maybe $200 legal room that we're able to save um to put away.

[1:01:56](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=3716) I mean, with 200 bucks a month, it's going to take a long time, but you've made a couple of values choices. You've made a values choice in your career. She's made a values choice in staying at home. And both of those combined have made a values choice for your income,

[1:02:09](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=3729) right? Because it's it's at $4,200. So, there's a couple of levers that you can pull here. Number one, she can do some form of work. Uh, number two, I it says Syracuse, New York. I don't know if that's an expensive area. Maybe there's a less expensive area that we can get to.

[1:02:25](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=3745) It's not expensive. And then, yeah, you're a student pastor. I wonder if that's more of a part-time thing and you pick up another job because a lot of pastors have a secondary job that they do.

[1:02:37](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=3757) We work with um we work with tens of thousands of churches and have for 25 years.

[1:02:42](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=3762) The data that we have says 88% of pastors are bivocational. Only 12% are full-time. They have another job

[1:02:52](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=3772) because they can't afford to live on. Yeah. Student pastor, choir director can't afford to live

[1:02:56](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=3776) most of the time. So, they've got another job. It's not that unusual at all. Um, but good news is Syracuse is very affordable. The medium house price, you just pulled it up for us, Kelly, pulled it up for us, $181,000.

[1:03:08](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=3788) That's fabulous. It's very affordable market. Okay. So, that's good news. You pull pull those two lovers and in no time, you're going to be able to save up that down payment. Hey, this is Dr. John Deloney. I take my sleep seriously because better sleep means better health. And if you've been losing sleep or waking up sore because you've got some old, thin, gross mattress that wasn't designed with you in mind, it's time to make a change. I love Helix mattresses. They make mattresses for real individual people. Whether you're a side sleeper, a back sleeper, whether you sleep hot, or if you and your partner have completely different sleep styles, Helix has a mattress designed just for you. I want you to get online and take the Helix sleep quiz. It takes like 2 minutes and they're going to match you with the perfect mattress that fits how you actually sleep. Helix is not just a show sponsor for me. I sleep on a Helix

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[1:04:51](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=3891) Viven is in Austin, Texas. Hi Vivian, how are you? Hi, I'm thank you so much. Sure. How can we help?

[1:05:00](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=3900) So I am I am trying to get out of debt. Um I am a single mom. I'm and I have um a couple of bills, you know, like um I recently got into a mortgage. Um I am grateful that my mortgage payment is actually way lower than what I used to pay in rent, but of course um the electricity bill is higher in a house than what it is in my what it used to be in my apartment. So the electricity bill kind of covers for what it used to be. Um, and then I have um a car payment, a personal loan, and a credit card that I'm trying to pay off. Um, and it seems kind of hard to pay it off any sooner than what it's calculated to be paid because, um, a lot of my money goes back to my children. Um, either into their clothes, either into their food. Um, I just finished buying all the clothes that they needed and I'm still kind of paying on some of that through Afterpay cuz that's my best friend when it comes to clothes. Their clothes is just not

[1:06:08](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=3968) cheap all at once. I'm sorry. Are you thrifting? Am I What are you thrifting? Going to thrift stores?

[1:06:16](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=3976) I I haven't tried thrift stores. I don't usually have the patience for them. not so reason. I don't

[1:06:23](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=3983) The Ramsey kids grew up in experienced clothing. Just cuz I'm thinking you're you're having a hard time making ends meet. The last thing, and I mean last thing on the list is buy now pay later clothing for for kids. How many kids do you have?

[1:06:38](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=3998) I have two. Um and my biggest and most expensive one is my autism child. Um I recently took on a payment for him to have Medicaid through the state of Texas because um he does I know don't qualify for the regular lowincome Medicaid that the state offers. So I have to pay a fee now in order for him to be covered and couldn't afford to have them without the Medicaid coverage.

[1:07:04](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=4024) Tell me again how many kids you have. I have two. Um my youngest one is six which is my autism child.

[1:07:11](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=4031) And what is your income? Um 50,000 a year. Mhm. And how much is this house payment?

[1:07:19](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=4039) Um 175 a month. How much is the car payment? 351. Okay. What do \[clears throat\] you do?

[1:07:29](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=4049) Um um I am a call center rep for a credit union in the area. So I take all the calls that come into the bank and I'm currently trying to switch roles as well. But um the but even then um my biggest thing is I love this job. This job is actually has helped me so much when it comes to income.

[1:07:49](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=4069) Are you getting any child support? No, the dad does not help me in any way, shape or form. We have an open child support case that has been um declared I I don't know what's the proper term but basically where they give up on finding him. So, they kind of like close out the case, I guess, and I have to keep reopening it and reopening it because he just can't be located. Child support can't locate him.

[1:08:13](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=4093) Okay. Okay. So, you've got the kids, you've got How much do you owe on this car?

[1:08:22](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=4102) Um, 600. I barely got it out last year. I'm sorry. Say again. 19,600. 19,600. Okay.

[1:08:32](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=4112) We got it out. You have a car. You have a car that you cannot afford. I have no choice.

[1:08:39](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=4119) You have a car that you can't afford. You can't change that with what you want or what you need or how you feel. Mathematically, you can't afford this car. Mathematically, you can't afford to buy the clothing that you have to put on afterpay. You have to stop doing these things and using the fact that things are tight as a reason to say, "I'm just going to keep kicking the can down the road." Kicking the can down the road. You're going the wrong direction further into debt. In every one of these conversations, including even buying this house, the house is not out of control. It's doable. It's a little bit high to suit me, but um \[clears throat\] but you said the the electricity bill is really high. So, um, there's only a couple of levers you can pull. The income lever, what can we do to get our income up? And that's a different career path, a a better career path. It's been good so far, but you need more. And

[1:09:35](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=4175) short-term income, and you've got the challenge of taking care of an autistic child and working a side gig, side hustle. That's tough. And so, uh, but if you could do that to clear some of these debts, because if you didn't have any payments but a house payment, all of a sudden your budget starts to loosen up and then you've got to fix this thing in your brain that says things are tight, so I have to do this. No, you don't. No, you don't. There's no have to. The only thing you have to do is buy food, lights, and water. That's it. And I wasn't kidding. The Ramsay kids grew up on consignment sale clothing. My wife would load up all the clothing, take it to the consignment sale, take the credit, walk across the aisle, then go down through there and buy stuff and none of them are in counseling because of it. They live through it. Um, so we because we were too broke to pay attention. We didn't have any money and

[1:10:27](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=4227) we didn't have a choice. We were bankrupt people. And so that's that, you know, Rachel Cruz when she was two was wearing consignment sale clothing.

[1:10:37](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=4237) Yeah. And and so you're going to have to do some stuff like that to get your income up. And uh I'm going to start figuring out a way to get out of this car and get you into an inexpensive car and get the car paid off, then get these credit cards cleaned up. Uh but income goes up, outgo goes down, and you start to have room.

[1:10:54](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=4254) Yeah. I think my first thing, order of business, would be the car. I'd be going on Kelly Blue Book to find out if I can do a private sale. Hopefully you can break even. If you can't, all my margin would go towards getting right side up on that car and saving up for something in cash. three $3 to $5,000 would be my first cash car if I were you. My second order of business would I'd be reaching out to family, friends, community in my area. And I'd be telling them, "Here's my situation. I need to be able to work some extra hours. Can you help me with child care? Do you know anybody who can help me with child care so that you can work some extra hours?" Uh if not, I'd be looking into some call center jobs that let me to work uh overnight from home.

[1:11:32](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=4292) That'd be that'd be what I'd do. Uh and they're out there. I know some remote stuff. Yeah, there those are out there for sure.

[1:11:38](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=4298) Yeah, you could pick the put the kids to bed and do three hours of work at night. I know that's hard, but being broke and stuck is harder.

[1:11:45](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=4305) That's right. And anything that can get me out of the broke and stuck is what I'm going to do.

[1:11:49](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=4309) And it'll last forever if you don't do something to stop that train. And so doing a a short-term sacrifice for a long-term gain worth it every time.

[1:11:57](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=4317) Yeah. Anything I can do here to earn money. Uh, your priorities are food, basic clothing, certainly nothing that you needed pay payments on, utilities, lights and water, and your house payment. And um, if if you got those basic necessities of life, then you're being a good mom. Yes, you're doing your job.

[1:12:17](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=4337) And and then other than that, we're scratching and clawing to try to get out of this hole and get back up on top of this thing.

[1:12:23](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=4343) So, it sounds like you're pushing on a lot of the different levers, Vivian. Uh, I just want to encourage you. You're probably doing better than you think you're doing. We're just trying to give you some little tweaks that you can do. I didn't hear anything in here except that car. That's just a It's just crazy. There's nothing in here horrible. You're just a a single mom and you've been fighting it. And so, you're a warrior princess. Keep fighting it.

[1:12:45](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=4365) Absolutely. But you need a you need a what what will return the the uh the shininess to your voice again the energy to your voice is when you see that when I do these three things or these four things it's going to take me where I want to go.

[1:13:01](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=4381) Yes. Instead of like just to survive. When you're doing all that and it's just to survive just to tread water that there's no hope in that and your voice starts to lose its shininess.

[1:13:11](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=4391) Yeah. And I can I can say as somebody who's had to enact major change in my life, those first few movements, they almost feel like how can I do this? You know, to to to private sale a car, that's something you've never done before. That that feels like it takes a lot of energy, but I guarantee when you actually do it, you're going to get a lot of energy from it and go, "Oh gosh, I can actually affect this thing. I can start actually start to make change in this situation."

[1:13:37](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=4417) $350 a month in your budget is a big deal. Goes a long way. Yeah. a long way and then we can start to attack some of these other things and $500 a month, $1,000 a month from a side gig.

[1:13:48](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=4428) Yes. In injected into this budget. Now, we got a $1,500 swing, which is we're starting to talk about a 25 or 40% swing in your income net. And you can start to move some of these things around. And so, you see your way out of this instead of feeling so stuck. Hope in the math really matters. So, keep pushing towards that. And do me a favor. Uh, we don't endorse them, but there's a place called arise.com. A r i s.com. You can go on there. There's remote work. You can choose the remote work, see what it's going to pay you ahead of time. All you need is a headset and a computer. And that's a great place to start. I used to do that to fill the gap when Sam and I were getting out of debt.

[1:14:48](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=4488) If you're waiting for rates to drop before you buy a home, here's what nobody tells you. When rates fall, every buyer who's been sitting on the sidelines makes their move at the same time you do. That means more competition, higher prices, bidding wars, all that. That's why I tell people to talk to Church Hill Mortgage before they do anything else. Church Hill gives you a strategy so you're not at the mercy of the market. They can show you what you can afford, not just what the bank will approve. And with their certified home buyer program, your financing is completely secured before you shop, which means when rates drop and everyone rushes in, you're already ahead of the crowd. You're not scrambling for preapproval while the house goes to someone else. My husband and I bought both of our homes with Church Hill, and having a real strategy, not just a rate we were waiting for, made us ready when it really mattered.

[1:15:37](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=4537) So, start your search with Churchill. Click the link in the description or go to churchillmortgage.com/ramseyoffer for an exclusive Ramsey audience offer. Churchill mortgage.com/ramsey offer.

[1:16:06](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=4566) Janelle is in Austin, Texas. Hi, Janelle. How are you? I'm good. How are you doing?

[1:16:12](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=4572) Better than I deserve. What's up? Hi. So, um, I just had some questions and I think I honestly just need like a father figure to talk to. Can you hear me? Okay.

[1:16:23](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=4583) Sure. So, my husband and I, we just started uh doing your plan and right now we have I think I want to say like 40,000 in debt. He usually handles all of it, but I So, I'm a stay-at-home mom. I do have a little job. I help out with my church uh twice a week with their daycare that they have. And so like maybe a month I'm probably getting like $500, but I have a problem. I'm gotten on a firm and I have like maybe $200 in debt. And so basically what my question is is how do I stop and help my husband? \[clears throat\]

[1:17:12](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=4632) Okay. Um that's a really good question. I like it. So it's the one that we all face is um how do we face the person in our mirror because uh 80% personal finance is 80% behavior. It's only 20% head knowledge.

[1:17:30](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=4650) So the problem with my money is the guy in my mirror. If I can get him to behave, he can be skinny and rich,

[1:17:36](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=4656) which is basically your question, right? And he but he's got a problem with donuts. I mean there's that, you know? I mean, uh, so you know, you've got a, uh, it sounds like. How old are you guys?

[1:17:49](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=4669) So, I'm 25 and he's 26. And we do have a 2-year-old. Cool. And what does he how much does he make?

[1:17:57](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=4677) I think I want to say at least 80,000 a year. Okay. All right. So, you don't you you have enough money. You're not starving to death.

[1:18:06](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=4686) No. Um, I mean, you're not rich, but you're not starving to death. So, the language that you're using sounds like um I think I don't know. I think I make 500. I think he makes 80. How can I help my husband? This language all says that it's not the two of you working together. It's more like he's trying to do it all and you're the problem.

[1:18:34](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=4714) That's the language you feel. That's how you feel. Yes. There is one more thing too. So before we started uh we recently started like um doing our research about you and uh following everything. So before we started though we did have uh we like to do a trip maybe like a cruise that's we just started doing like cruises last year and so this year or technically next year we wanted to like save up for another thing. So basically all the money I'm making from my job, we're going to go to Rome. So basically all the money I'm making is like we're paying that Rome trip off cuz we've already done that. So that was before are you in debt?

[1:19:17](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=4757) Yeah. Did you agree together that the focus is to pay off debt? What's the focus? Is your focus to pay off debt or to go to Rome? So listen, so the whole like we want to pay off debt and everything, but the Rome trip was before we like

[1:19:31](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=4771) dis. It's not a law. Is it like a wedding or something? Rome will still be there.

[1:19:36](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=4776) No, that's what I'm saying. Like should we cut? You should not go to Rome. Yeah. Okay. That's what Okay.

[1:19:43](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=4783) But here's more more than anything. The two of you need to sit down as two adults

[1:19:49](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=4789) and together say X is our goal and therefore we together are going to walk together and do everything we can to hit that goal together and then Okay, honey. And and so you need to understand exactly how much money is coming into this house and exactly how much money is going out for food.

[1:20:13](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=4813) Yes. and exactly how much money's going out and you're part of the decision for that and you're part of the decision for something else. But just because you wanted to go to Rome before you woke up and realized you were broken in debt doesn't mean you get to go to Rome,

[1:20:26](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=4826) right? That's exactly what I needed to figure cuz I was like if he says that then we're done. We're not doing it. So

[1:20:33](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=4833) but more importantly more importantly Rome the Rome trip is a symptom of you guys not working together. I want you guys to sit down tonight and I want you to say, "I need your help, honey, and you need my help, honey." And together, we're going to be two grown-ups making this decision together. We're now partners, equal partners in this thing called our family.

[1:20:57](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=4857) Yeah. And there's another part of that that is is really important. In any case, in any marriage, working together on the finances is is extremely important. But specifically, if you are a stay-at-home mom, which means I've opted out of the normal workforce and I I'm working at home, even more reason to be so clued in on what's going on with the money, what's going on with the finances, I know what's going on with everything because it's easy to kind of just do the Homer Simpson and you fade into the bushes and you don't know what's going on. And what I hate, Dave, is the calls that we get when a single mom who's been or a stay-at-home mom who's been at home, doesn't know the state of the finances, and something blows up with the marriage. And she's like, "I didn't know. I had no idea. I opted out. I didn't have access to this.

[1:21:41](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=4901) I didn't have access. I gave away my stake in having a say in this, and now I I don't know what's going on."

[1:21:48](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=4908) That's exactly right. Or worse, he passes away. Yes. Even worse. Yes. Has no idea. So, you need to both be clued in. and you're not clued in right now. And the Rome trip is just a tiny tiny part of that. This is not about the Rome trip. This is about the two of you being together making the decisions together. Because here's the thing, Janelle. If you said, "Okay, here's our every dollar budget. It includes this much for clothing, this much for food, then a firm doesn't enter into this. Pay later doesn't enter into this because we only have the amount to pay now. And we don't buy something. we can't pay now because the affirm is just sloppiness because there's no system, no plan, and you're not working together. It's not because you're a weak, horrible person,

[1:22:35](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=4955) right? It's just it's just disorganization. You're not a weak, horrible person. You're just disorganized and you're not working together and you're not clued in. And so you're like, "Well, I just kind of want this, so I'll just affirm it." And boom, you know, you get screwed by those people. And that's the those things are running up and $250 on a firm is not going to kill you. get that knocked out,

[1:22:55](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=4975) but never touch that button again the rest of your life. And when you start working on a budget together, then the budget informs what

[1:23:02](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=4982) what you're allowed to buy. Yeah. And it's a spending plan. It's, as Rachel says, it's permission to spend,

[1:23:09](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=4989) but not beyond that, right? That's it. That's the amount. The amount you two decide together, this is what we're going to spend. And then something pops up and you go, "Well, it's not in the budget." That means it's not in the budget cuz you're not in Congress. They're the only people that can spend forever and not and get away with it so far, you know, but everybody else has a limit and how much you can spend. So, you know, you're not in Congress. You must stick to the limit that the two of you together decide. But the power comes when you decide together and say, "This is how much we decided we're going to spend on this category, which allows us to get this debt paid off, allows us to get out of debt, have an emergency fund, allows us to save for a future trip."

[1:23:51](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=5031) Yes. To Rome after we do all of those smart things. Rome's not a dumb thing to do. It's not horrible.

[1:23:59](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=5039) It should be the reward for doing the the adult thing first. It's like George says, you got to eat your broccoli first.

[1:24:04](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=5044) Baby step four and beyond, you know, and you save up and pay cash for it. But you don't save up and pay cash for Rome while you have a stinking student loan.

[1:24:11](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=5051) Yeah, that's right. No, that's that's like borrowing on a student loan to go to Rome. No, we don't do that. Or while we got credit card debt or whatever the other debt is, that kind of stuff. So yeah, but the big takeaway for you Janelle is the two of you together develop a plan on what we are agreeing we are going to spend on each category so that we can hit the goals that we are both think are important.

[1:24:32](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=5072) Yes. And then instantly what comes from that is the discipline to stick to it because you're holding each other accountable.

[1:24:37](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=5077) Yeah. And you put some stakes around it for crying out loud. You know, I think that helps you get in gear too. If it's just kind of, hey, I heard this thing that a guy said on the radio and it's just kind of this arbitrary thing. Do you want to do it? Well, after we go to Rome, you don't have that intensity. But if you can put some real stakes around it and say, if we don't do this, then XYZ happens. Well, now you start to realize this is pretty important. And then if you put positive stakes around it, if we do this thing, then XYZ, then now it starts to feel motivating. So you kind of have to do some of the mental work on this to make sure that it's worth it for you, that you want to do it, and that you're invested and it's not just kind of a

[1:25:14](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=5114) Yep. whenever we feel like it, we'll get started kind of deal. And one of the things that teaches you something you take, okay, our car payment is 500 bucks. Okay, well 500 bucks invested from age 25 to age 65 is $6 million.

[1:25:25](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=5125) Positive stakes. Hope you love the car, you know, stinking $6 million car. That's that's straight up stupid.

[1:25:32](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=5132) Yeah. You know, and you you look at that, you say to yourself, I'm not stupid. I'm not doing that.

[1:25:36](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=5136) That's right. Welcome back to the Ramsey Show in the Fair Winds Credit Union studio. I'm Dave Ramsey, your host. Jade Washaw Ramsey personality number one bestselling author is my co-host. If you want to participate in this show, we're here Monday through Friday from 1 to 4 central time answering your questions. All you do is dial the number882552258255225.

[1:26:34](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=5194) Miranda's in Atlanta, Georgia. Hi Miranda, how are you? Good, sir. How are you?

[1:26:39](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=5199) Better than we deserve. How can we help? So, I just kind of want to get a better hold of my family's finances. Um, and we also need a new car. So, that's kind of where I'm coming from.

[1:26:54](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=5214) Okay, cool. I just need to know how to buy a new car and what to do and how much to pay for it around everything that we get paid and stuff like that.

[1:27:03](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=5223) Yeah. So, uh, how much debt do you have? Um, so all together we on credit cards and a loan from the bank on the first house we bought. It's $6,766.

[1:27:22](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=5242) Okay. And then you would be debtree except your home. Yes. Two. We have two homes.

[1:27:28](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=5248) Oh, okay. All right. Uh, you'd be debtree except the two homes. Okay. Yes. And uh your household income is what?

[1:27:37](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=5257) Um monthly we make $10,100. Okay. That's take-home. Yes. Okay. Cool. And how much do you have in savings?

[1:27:48](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=5268) Um allto together right now we have 5,490. Mhm. Okay. And that's uh not counting any retirement, right? No, I have not looked at my retirement fund in a while.

[1:28:03](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=5283) Okay. Are you putting money into retirement every month? Yes. Yes, I am, sir. We both are.

[1:28:09](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=5289) Okay, cool. All right. I believe it's 14% of our paychecks. Okay. Pull into it.

[1:28:16](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=5296) Good. Okay. What happened to warrant a new car? Do you have two vehicles now and one of them is just super old or what's informing that choice?

[1:28:24](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=5304) Technically, we have three vehicles. Um, we just bought one another craft box for $1,000.

[1:28:31](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=5311) Okay. Um, my my vehicle broke. Um, completely gone. They said it needs an engine replacement. We're just going to sell it on Facebook Marketplace. So, we do have two vehicles, but I am currently pregnant with our second. Um, I should be giving birth in the next two weeks if I'm being honest with you. Um, so we're going to need another car that fits four people. And then the other two cars that we have, they're just not really good. They're really old cars.

[1:29:01](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=5341) What are they? So they're on their last legs. We have two. Well, them being old doesn't mean they're on their last legs. Tell us tell us about the cars. What's wrong with them?

[1:29:10](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=5350) Well, um, they have electrical issues. So, one car keeps dying due to I don't even know what's wrong with the car for being honest. It stops driving and then it will start back up.

[1:29:25](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=5365) So, it's an onoff car. All right. The good news is you make $10,000 a month take home.

[1:29:30](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=5370) So, what we teach folks to do is follow a process we call the baby steps. All right.

[1:29:37](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=5377) And uh baby step one is to save $1,000. You've done more than that. Okay, baby step two is to pay off all debt except your home as quickly as possible. Um, by the time you sell the car on Facebook Marketplace that has the bad motor and you take the rest of your savings above $1,000, you can almost pay off all of your debt. You get real close.

[1:30:04](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=5404) Yes. In one month, you should be debtree. Mhm. Okay. Then I want you to raise your $1,000 account up to 3 to 6 months of expenses. Let's call that $20,000. So I want you putting everything you can

[1:30:20](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=5420) into an account until you get an emergency fund and then you save up and move up in car.

[1:30:27](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=5427) Okay? But you don't move up in car when you don't have an emergency fund unless but but you can drive that $1,000 because all we're asking about here really is about 3 months. So about 3 months from now, you would be able to start saving for a car.

[1:30:42](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=5442) All right? And again, we're stopping temporarily your retirement savings. So your take-home pay is now much larger than 10,000. It's more like 12,000.

[1:30:54](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=5454) All right? And so we're going to really, really lean in, finish off the debt, build an emergency fund, and then move up in car with cash as we go. the rental house, the other house. Why do you have two houses?

[1:31:09](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=5469) So, we are in the military. Um, we bought a house in Texas in El Paso and then a year later we got orders to Georgia.

[1:31:20](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=5480) So, okay. Why have you not sold that house? Um, honestly, I really couldn't tell you. Um, my husband and my father, my husband and my father think it's a great thing to do.

[1:31:33](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=5493) They're both wrong. You're broke. You're driving a thousand dollar piece of crap and you have a rental property in El Paso.

[1:31:39](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=5499) And if it's got some equity in it, that doesn't make any sense. Sell that house and get rid of the problem. And if it puts any money in your pocket, that speeds the whole process up of getting you into some decent cars. Cuz you guys should be driving $10,000 cars a piece.

[1:31:53](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=5513) Each of you have a $10,000 car that's a reliable, good, solid car. And you're not because you've been spending your money on crap El Paso because your father thought it was a good idea. Bull crap. He's not getting any money. He doesn't get a vote.

[1:32:09](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=5529) Okay. Yeah. Dump that house as fast as you can. Get because you're either feeding it or it's going to give you some equity or both. And so it's a straight up net process that you don't need to be in the rental business in El Paso, Texas when you're somewhere else in the military driving a thousand dollar car and getting ready to have a baby in two months.

[1:32:28](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=5548) For real. It's not it's not it's out of balance. It's the wrong way to approach being in the rental business.

[1:32:34](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=5554) And by the way, if you're if you know you're going to be in the military long term, I wouldn't be buying houses everywhere that you're

[1:32:40](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=5560) you're end up with rental properties dotted all over the United States. And that's a bad way to build a rental portfolio.

[1:32:45](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=5565) Good point. Good point. Uh, Ben is in Salem, uh, Oregon. Hi, Ben. How are you? Hello, Dave. Thanks for having me on your show.

[1:32:56](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=5576) Sure. How can we help? Um, I'm wondering at what point is it safe for me to quit my job and start farming on my own? So, to give you a little bit of context, I worked uh straight out of high school into well, first I went to college for a semester. Found I was too much of a dreamer for that life. went and got a job on a farm. Uh worked there for a few months and then took a a different job at an agricultural services company. So now I do custom applications of all sorts of growers. Uh it was roughly there's a bigger pay raise for me, but it's not something that I'm super interested in doing long term with the company. Long term I would love to

[1:33:38](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=5618) Okay. far farming is a business with a big heart. And sometimes people have such big hearts they forget to do math.

[1:33:48](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=5628) It's a business. So, can you make more money farming than you make now? Um, I'm nervous to make that step in.

[1:33:58](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=5638) No, I asked, can you make more money farming if everything goes the way it's supposed to go? You know the business than you make now? Yes or no? Hypothetically, yes.

[1:34:09](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=5649) Okay, then begin to make the move gradually that way. But we don't want to move to farming just because it sounds glorious. And too many people do that. That's a bad idea with business. It's a business and it needs to make money. It's not a hobby.

[1:34:46](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=5686) Okay. The pressure to spend more just because it's the holidays is so real. The decorations, the travel, gifts for everyone, including the pets, and that thing the kids want because everybody at school has one. Not that any of that is bad, but none of it has to be a reason to overspend. That's why my husband and I use Every Dollar, my favorite budget app. It's how we make a focused plan for our money. So, any spending we do is on purpose. Every Dollar helps you track every single dollar that you have coming in and going out. Plus, the app shows you where there's margin hiding. That's extra money that could be put towards your family's biggest goals. So, take the pressure off this holiday season with a plan from Every Dollar. And it's free to get started. Download the Every Dollar app in the App Store or Google Play. Our

[1:35:40](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=5740) question of the day is brought to you by Ask Ramsey, your free AI money tool that provides personalized money answers based only on Ramsay input, Ramsey principles. So, if you want a question answered like Jaden, I would answer it, uh, just go to ask Ramsey. free at ramseysolutions.com/askramsey.

[1:36:02](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=5762) All right, today's question comes from Philip in New Jersey. He says, "My only debt is a mortgage on a business location which is held jointly with my partners. I'm debt averse and proposed paying it off, but my partners refused to do this. Unfortunately, this isn't an isolated disagreement. How do I navigate a situation where I fundamentally disagree with my partner's unwillingness to pay off shared business debt when it feels like a recurring pattern rather than one rather than a one-off disagreement? Well, Philip, I look at this and I see one of two things either happened. Number one, you changed which maybe when you originally went into business, maybe you were for debt because you guys bought this business location on debt and then maybe over time you changed and decided I like this Ramsay way of life. I don't like debt anymore. And now you're kind of the one who changed or you just went into debt

[1:36:53](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=5813) with the wrong people. You went into business with the wrong people from the very beginning. And if that's the case, and it sounds like maybe it is cuz you said this is one of many disagreements. It's not isolated. Then it may be time to look at if this is still the right business partnership for you and do you need to continue this way. I don't know that this is the only disagreement and I don't know how big the other disagreements are that you mentioned.

[1:37:17](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=5837) Yeah. So, Philip, our data says this. We've coached over 10,000 small businesses in America. Unless it's a law firm or a medical practice, I find almost zero small business partnerships that make it over 10 years. So, we always say the only ship that won't sail is a partnership, and this one won't sail. Okay? This is and this is the reason you get into stuff like this all the time or one of the partners has some kind of a personal issue or something pop up. And so \[clears throat\] my guess is that you probably uh I'm afraid you'd be like most you don't have good partnership agreements that dictate how the partnership is dissolved. And if you don't then it gets really messy to dissolve the partnership because it's just a negotiation. And if the negotiation fails, it's a judge deciding from a civil lawsuit to dissolve the partnership. That kind of a thing. So, I mean, there's two possible things you

[1:38:17](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=5897) can do here. One is you can say, I'm unwilling to be to go into debt ever again, and I'm unwilling to stay in this debt, and so we're going to never borrow again as a partnership, and we're going to work to get this out, or I'm out.

[1:38:34](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=5914) Yeah. because we don't know how many partners there are. If there's four other guys who are g saying, "Hey,

[1:38:40](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=5920) dude, you're the odd one out." And so, I'm out. You know, if you guys won't agree to that, I'm not staying because it's it's it's taking my joy away. And uh I'm going to get out. And so, we got to figure out how to buy me out, how to price my shares, and y'all buy me out, and we'll figure that out and get me off this loan cuz I'm not going to stay on the loan either. So, you're going to refinance the building, get my name off of it, and you're going to buy me out, or we're going to agree to not borrow anymore because I'm done with this, and we're going to agree to a systematic payown and get rid of this mortgage. Either one's fine with me, but I'm not going to this is I I this is not a way I'm going to live my life. I can't see 10 more years of this crap.

[1:39:22](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=5962) Uh you guys don't think it's a problem. I think it's a problem, and I'm not I'm not doing it anymore. I can't tell you what you're going to do, but I'm not going to sign another thing. So, if you guys borrow money, it's not going to have my signature on it ever again.

[1:39:35](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=5975) I'm out. I'm not doing any more borrowing. Period. That's a statement. That's not a negotiation. Then you guys can decide how we want to react from this point forward.

[1:39:46](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=5986) Does it change how you approach it though? Um, let's pretend they'd been doing this a couple years. if at the very beginning he was all in on getting this

[1:39:54](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=5994) Yeah. You know, more I guess it just changes how how brusk you're going to be. Sure.

[1:39:59](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=5999) But um you know, he just say, "Guys, I I've come to the realization I didn't used to feel this way, but I used to feel like you do, but I've come to the realization that debt does not work for me."

[1:40:08](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=6008) Yeah. And I'm not going forward with that. And so I mean a a bizarre example, a metaphor even would be someone who's uh had an alcohol problem and comes to the realization they're not going to b drink anymore and they have to tell their drinking buddies.

[1:40:25](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=6025) I can hang out with you. I can hang out with you, but I'm not drinking. And if the only way that you're going to agree to hang out with me is I have to drink

[1:40:32](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=6032) and I've got an alcohol problem and I can't do that anymore. And so even if it didn't start that way, it's going to end.

[1:40:37](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=6037) Yes. And that's a bit of a bizarre metaphor, but it's still a metaphor that works. Hannah is in Denver. Hi, Hannah. How are you?

[1:40:45](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=6045) I'm good. How are you? Better than I deserve. What's up? Um, so I'm 27, been married for seven years, and we have two small boys that I get to stay home with. Um, but my husband and I are just very much worried for my parents' finances as it's turning into just a really big mess for them as they continually support my adult siblings financially. and we're just concerned about the long-term impact that it's having on my parents and again on my siblings.

[1:41:14](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=6074) Okay. How many siblings are they supporting? Um my older brother who's 32 and my younger sister who's 24.

[1:41:21](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=6081) Why? I couldn't tell you why, but I think their hearts are that they want to give my siblings a better life than they did. So I think from a place of love for sure, but definitely not rational. but not you.

[1:41:37](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=6097) Um, if I asked for help, I'm sure that they would give it, but it has never felt like the right thing for me to ask,

[1:41:45](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=6105) nor do I need it. So, explain the problems. So, my parents themselves own two houses and one of the houses that they have a mortgage on, they come under quite a they have had different renters in the house, so different seasons they've come under in that mortgage and they have two houses that they're paying for. I mean, two cars that they're paying for and they are in credit card debt. And then my older brother is he owns a home with a co-signer, but he recently quit his job and is no longer able to pay for the mortgage and is affecting his co-signer's credit, his credit. And then again, my parents are stepping in and paying for his mortgage. And my younger sister was living with my parents, but then she moved out after an argument and she moved in with my brother where she is paying rent, but my parents are the ones paying her rent for her and her husband.

[1:42:39](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=6159) Okay. Okay. And this affects you because um I just again I worry about how my parents are able to honestly retire or keep themselves afloat or that my siblings wouldn't be able to keep themselves afloat without my parents or even maybe one day.

[1:42:58](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=6178) Yeah. And it's a bit aggravating to just watch your whole family melt down and be stupid.

[1:43:03](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=6183) Yeah. And I think we love them and we want the best for them. Yeah. \[clears throat\] Agreed. It's hard to watch people you love be stupid. It really is.

[1:43:10](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=6190) Yeah. And um and hurt themselves. So yeah. Well, I think the first thing is is you just need to release it and say it's not your problem is you're not in control.

[1:43:19](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=6199) Yeah. Breathe that in. That's good. It's not your problem. It's not You're not in control of this. Now pretend like it's not your family. That it's just some people you know.

[1:43:31](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=6211) Yeah. Then what would we do? Well, we'd probably sit down over a cup of coffee and to the people that are the enablers and say, you know, here's how enabling works. This is your mom and dad, by the way. They are called enablers. These are freaking codependent human beings. Okay?

[1:43:48](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=6228) So, here's how codependence works. Enablers are always nice people and they always think they're helping. And the irony is is that they're actually doing harm,

[1:43:59](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=6239) right? And mom and dad, you're actually harming my brother and sister, your children.

[1:44:06](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=6246) You're bringing harm to them. You think you're helping, but you're hurting them because you're supporting their stupidity and therefore encouraging it. Their lack of productivity and therefore encouraging it. Because if he didn't have a fall back, your brother would get a freaking job.

[1:44:26](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=6266) Yeah. Okay. and he would get up off his little butt and be a man and take care of business. Instead, his mommy is taking care of him and he's freaking 32 years old. It's disgusting.

[1:44:42](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=6282) Yeah. Yeah. So, I'm going to tell mom you're not helping. You're hurting. You stole his manhood. And if you disagree with my sister and she moves out cuz she disagrees, don't give her money. That's kind of dumb, you know. And if you have a conversation with some friends that way and you say, "Enablers are harmful people. They're not nice at the end. They think they're nice, but they're not. And they keep enabling. There's nothing you can do about it. I wash my hands of this. I shake the dirt off my sandals and I go to the next village.

[1:45:33](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=6333) You spend hours researching before making a major purchase like a home or car. But it's also a good idea to put in the work searching for the right insurance coverage. To protect your biggest assets, I recommend using Ramsay Trusted Pros. Whether you're looking for car, home, or any other type of insurance, Ramsay trusted providers have been coached and vetted to serve you like we would. Find what you need at ramsysolutions.com/insurance.

[1:46:18](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=6378) Well, once you're out of debt, except the house, you have your emergency fund of 3 to six months of expenses. Now, you're starting to invest for retirement. We call that baby step four. And you do four, five, and six at the same time. Four is investing for retirement. Five is kids college. Six is pay off the house early. Seven, of course, is the house is paid off. And now we're very wealthy, and we just get to really enjoy life. Things are great. So when you're in baby steps four, five, and six, that's when you go from intensity to intent. Intense to intentional, that's when you upgrade a car, when you buy a better couch, when you go on vacation, and when you can go out to eat again, cuz while you're doing the other stuff, you need to stay home and eat.

[1:46:59](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=6419) Peanut butter and jelly, beans and rice, whatever you want to call it, right? So once you're on the Baby Step 4 and beyond though, you ought to start celebrating and enjoying it. That's why we're doing the Ramsay cruise and we call it the live like no one else cruise because if you live like no one else later you can live and give like no one else. Our next one is on Holland America, a high-end very nice ship. It's March 14th through the 21st. It's all the Ramsey personalities and me and Sharon. And we're going to be doing all new wealthb buildinging techniques and teachings on the cruise. We're going to break down what to do at Baby Step 7 and beyond. some uh estate planning stuff, some how to not ruin my kids when I build some wealth stuff. Uh we're going to do tapings of our favorite Ramsey shows, including uh Smart Money Happy Hour, including we're going to do some Entree Leadership stuff while we're on

[1:47:46](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=6466) there. It's all us and all you. No one else is on the ship. It's just Ramsay, the whole thing. And you're going to have a blast. The world's largest debtree scream. Going to be fun. And for a limited time, third and fourth passengers will sail free.

[1:48:02](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=6482) Hey. Hey, there you go. Plus, you can unlock a free cabin upgrade with a code sale with Dave. And that's S A I L, not L E. Sale with Dave. Okay, we'd love to have you. We've got a few cabins left. It's going to sell out, but it hasn't quite sold out yet. March 14th through the 21st. Coming up pretty fast here. So, for details or to book your cabin, go to ramseyolutions.com/events. Richard is in Boston. Hey, Richard. What's up? How are you today?

[1:48:34](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=6514) Better than I deserve. How can I help? So, over the last six months, uh excluding my car, I have built up $68,000 worth of debt. Um most of it was due to a manic episode that I had. Um I'm trying to figure out if I should file for bankruptcy or not at this point.

[1:48:54](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=6534) No. Okay. Because the debt is not the problem. It's the symptom of the manic episode. Agreed.

[1:49:03](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=6543) Agreed. Okay. So, have you gotten your have you gotten some help for your bipolar?

[1:49:09](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=6549) Uh, yes, I have. Um, over the last like two months, I've been more stable and I've been doing a lot better. But at this point, I um am currently I currently have basically no income.

[1:49:21](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=6561) Did you get off your meds? No, I'm currently on my meds. But when you went manic, did you get off your meds?

[1:49:26](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=6566) I was not diagnosed prior. Oh. Oh, okay. So, we learned something new. Interesting. Okay.

[1:49:32](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=6572) Yes. Okay. So, the cause of the debt is has been dealt with as best we can so far, right?

[1:49:40](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=6580) Correct. That's good. That's good news. Congratulations. I got to tell you, the mountain you climbed there is a big mountain.

[1:49:47](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=6587) Yeah, it was definitely a lot. Yeah, we wor we've worked over the years with a lot of folks facing bipolar. Um, that's why I zoned in on it so quick because 100% of people that stay bipolar and don't get their meds balanced out have have financial trouble.

[1:50:03](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=6603) Correct. \[clears throat\] And because of manic depressive, you you go back through these stages and you do what you did. Okay. So, what kind of debt is this?

[1:50:10](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=6610) Um, so most of it is credit card debt. \[snorts\] I had taken out a $25,000 loan to pay off um credit card debt prior and then I built up all of the credit card debt again because my pay loan payment was so large.

[1:50:25](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=6625) Yeah. Okay. So 68,000 in largely credit card debt. Did you said something about a car? How much do you owe in the car?

[1:50:32](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=6632) I owe 12,000 on my car. Okay, that's not too bad. All right. So is that included in the 68 or plus 68?

[1:50:39](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=6639) That's plus 68. So it's $80,426 is what I owe. Gotcha. Okay. What were you doing for a living before?

[1:50:47](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=6647) Uh, I worked in corrections. Okay. So, what what is your next goal for your career? Because you're not planning to stay unemployed.

[1:50:56](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=6656) So, I'm starting a new job on the 16th. Yay. Doing what? Good. Uh, basically the same thing, but with kids at a youth detention center.

[1:51:04](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=6664) Okay. And what will you be paid? Uh, 27 an hour. So, this basically the same as what I was making.

[1:51:11](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=6671) What What What do you take home a month? Uh, my take-home last month was 2157. Are you working 40 hours?

[1:51:20](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=6680) That's not 40 hours at $27. No, I I was placed out of work. So, prior to that, uh,

[1:51:25](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=6685) I mean, when you're making $27, that's going to be uh what, $60,000 a year, right?

[1:51:32](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=6692) Roughly. Yeah. Uh 56. Yeah. Okay. Pretty close. But you'll be able to get up to those hours.

[1:51:39](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=6699) Yes. 100%. Okay. Can you pick up extra hours? Uh, yes, but I'm not sure how many per week.

[1:51:47](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=6707) Okay. And if not, you can pick up a side hustle. Okay. And it's just you, right? No family, no kids, no.

[1:51:54](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=6714) Correct. Okay. Good. Okay. Well, so here's what we're going to do. We're going to take care of food, shelter. What's your apartment? How much is it?

[1:52:05](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=6725) Uh, I I do currently live with family. I'm paying about $500 a month. Great. Okay. So, 500 bucks covers that. And does that cover utilities as well?

[1:52:14](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=6734) Yes. So you have food and shelter, you have utilities, you have a car payment, and you have car gas. And other than that, you work,

[1:52:24](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=6744) right? And you pay off debt. Okay? So the car is under control cuz we're going to pay minimum payments on it. And then we're going to list these credit cards, smallest to largest, pay minimum payments on everything but the little one, and attack the little one with a vengeance. If you can't get to all of them, let them go. Just don't pay them.

[1:52:46](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=6766) Understand? Because if you file bankruptcy, that's just not paying them. Right.

[1:52:51](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=6771) Correct. So, it's going to mess up your credit. Well, guess what? Filing bankruptcy messes up your credit. I would rather you just not pay them and go settle with them later than file bankruptcy cuz I think you can work through this pretty quick.

[1:53:02](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=6782) Yeah. If you can find $3,000 to put towards this debt with you working 40 hours a week plus overtime, picking up a side hustle, you can get out of this in 22 months.

[1:53:13](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=6793) Understood. That's not bankrupt. Isn't that cool? No, definitely. Um, \[clears throat\]

[1:53:19](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=6799) and here's here's the thing that'll go with that. You can talk to your therapist about this and check me out, okay? I'm not a therapist. Dr. John Deloney is not here today, but again, we've worked with folks in your situation. One of the things we found is when you're pushing through a a mental challenge like this, an emotional challenge like this, you get great strength and dignity from working a system that cleans up the mess. It's going to reinforce your healing.

[1:53:51](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=6831) Absolutely. Rather than just I'm going to put that behind me and try a fresh start without it because the pressure is too much. No, you'll get strength. You'll get calluses, emotional calluses from pushing your way through this that'll help you deal with your bipolar diagnosis. Again, I'm not a therapist. You ask your therapist if I'm right, but I'm right. And so, um, you know, because we've seen this all the time because because what you're doing is you're you're learning to trust yourself. And there's dignity in that. I've got power. I've got power over life, power over things. I am not powerless. I am empowered.

[1:54:28](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=6868) Yeah. And and that's that's the callus that you start to build. That's just really important.

[1:54:34](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=6874) Yeah. The more right choices you make, the more you trust yourself \[clears throat\] to make right choices.

[1:54:38](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=6878) Let me take say one more time, Richard, that I'm really proud of you. The fact that you saw what this is, you saw what it did,

[1:54:45](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=6885) you the language you're using and how you're addressing it, uh, your mental health approach to a mental struggle is very good. You've climbed a really good mountain. You're not giving me any warning signals in your in your language and how you're doing this. I didn't hear victim. I didn't hear anything. You you didn't you didn't it's didn't this you happened to this and you took control of it. All of that bodess well for your future in every area of your life, including your money. I'm proud of it.

[1:55:13](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=6913) Absolutely. You keep fighting it, man. You keep pushing it. That's a big deal. That's a struggle that some people spend a decade trying to do what he did in a short period of time. It's very very difficult.

[1:56:05](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=6965) I talk to couples all the time who want to be more intentional about their marriage, but they don't know where to start. That's why I created the marriage kit to give couples a road map for working toward a better marriage all year. You'll start the year by getting on the same page with an annual planning retreat. Then I'll walk with you every month as you make it happen together. We only have a very limited supply. So order yours now for $84.99 at ramseyolutions.com/store.

[1:56:41](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=7001) Our scripture of the day, Matthew 7:2. In the same way you judge others, you will be judged. And with the measure you use, it will be measured to you. Jordan Peterson says, "Compare yourself to who you were yesterday, not who someone else is today." Ooh, good. Are you growing? Kendall is in West Virginia. Hi, Kendall. What's up?

[1:57:04](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=7024) Hi. I was just wondering what I should do next with my money. Should I put it in a Roth IRA, a 401k, or work to pay off my car?

[1:57:13](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=7033) Oh, I like that question. I like that you're thinking about investing. Um, but I agree. I I would start with the car first. Are you a longtime listener or did you just find the Ramsay Show?

[1:57:26](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=7046) Um, so I've been listening for a little while. Um, I know about the Baby Steps. My only thing with my car is it is a private loan so there's no interest or anything on that. Um, I owe 19,000 on it. Um, but there's no interest earned. But how would you feel about that 19,000 if suddenly you lost your job?

[1:57:46](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=7066) Yeah. I don't know. I think suddenly you'd \[clears throat\] feel it. All of a sudden it ain't so private.

[1:57:51](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=7071) Mhm. Mhm. So yeah. Uh since you're looking for the best the next best place to spend your money, I would walk through the baby steps. The first thing that I would do is I would save $1,000. Do you have any money saved?

[1:58:03](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=7083) Yeah, I have two months of my income saved. Ah, how much is that? um about 7,000 around 7,000.

[1:58:11](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=7091) Okay, I love that for you. So, what I would do, and this is going to hurt you because obviously your mind works different than the way we teach. I would drop that down to $1,000 and then I would take the other $6,000 and I would throw it on this debt. And how quickly from there do you think you could pay off $3,000?

[1:58:29](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=7109) 13,000. 13,000. I'm sorry. Um, I was doing a calculation a couple days ago uh to set my car to be paid off in two years. Um, but I put all of my money into that. I make about 29 an hour.

[1:58:45](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=7125) Okay. So, so you're making about 80 a year 75 a year, I'm sorry. And um, you could pay off $13,000 really really fast if it was your only goal.

[1:58:59](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=7139) Okay. like three months, four months. That is the only bet that I have. Um I'm four months college.

[1:59:06](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=7146) Well, what he's saying is it's got to be your number one goal because you just graduated. So, you might be thinking, I'm \[clears throat\] going to spend my money here, there, and other places. And we're saying, hey, what if you just

[1:59:18](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=7158) said this is the sole focus of my margin. If you don't have any other debt, you should have several thousand going towards this every single month. Why can't it be done in six months,

[1:59:26](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=7166) 3 months, four months? Okay. And then you don't have a car payment, then you build your emergency fund back up to 3 to 6 months of expenses, which will be easy to do because even though it's a 0% interest, what's your payment?

[1:59:41](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=7181) Uh, I pay about 500 a month. Yeah. So, all of a sudden, we got an extra 500 bucks a month, four months from now, five months from now when this is gone. For the rest of your life, instead of for three or four freaking years, you keep screwing around with this thing. And by the way,

[1:59:58](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=7198) knock it out. You're the test. You're the test subject, Kendall, for the math that we give all the time, which is if you invest $500 every single month for the next 40 years, you're going to be that that's your million dollars right there.

[2:00:10](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=7210) That's millions and millions and millions of dollars in your situation. So, yeah, you want to clear that, get your emergency fund in place, and then start your long-term investing at 15% of your income. Walk those baby steps. They work. They work every time people work them. Lauren's in Chicago. Hi, Lauren. How are you?

[2:00:32](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=7232) I'm good. Hi, David Jade. Thanks for taking my call. Sure. What's up? So, my husband and I just welcomed our first baby in July, and I went back to work at the beginning of October. During our recent budget meetings, I've expressed my want to be a stay-at-home mom with at some point with our daughter and hopefully more children at some point. He seems uneasy about the thought of going down to a one-income household and wants to achieve financial goals before we could even consider it. One of it uh being paying off our mortgage. Um before we had our daughter, we paid off our mortgage on our first home. So, we're not strangers to meeting big financial goals. Um we're debtree with a fully funded emergency fund. Um so, I just want to figure out how we can come together to make a plan to put him at ease and live comfortably with me staying home. So, if you were to stop working, let's just pretend today you

[2:01:21](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=7281) stopped working. What would that What percentage of your mortgage, what percentage of your take-home would your mortgage be?

[2:01:30](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=7290) Um, our mortgage is pretty low. Um, so what do you make? Our current month, I make 70 a year.

[2:01:38](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=7298) What's he make? Uh, around 110. Okay. All right. And so instead of paying off your mortgage, \[clears throat\] your current mortgage balance is what? uh 109.

[2:01:50](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=7310) Okay. And if you keep working, you can pay it off in two years. If you don't keep working, you're going to pay it off in four or five years, right?

[2:01:58](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=7318) Yeah. Exactly. Yep. He's wrong. Now, how to make him feel at ease? He already should be at ease. This guy's a super nerd.

[2:02:13](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=7333) Yes. He's a wonderful husband because he's you're always going to be provided for. You're never going to be in financial danger with this guy. He is a great find. But he needs to understand that the reason we do all of these things is so that we can have the life that we want to have.

[2:02:33](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=7353) So you can stay at home and the life you want to have. And really, he wants to have is for you to be there with the babies because it's what you want. He wants to do that for you. But his super nerdness is where his uneasiness is coming from. Not from the situation. The situation's very good. Would you trade two years of mortgage for you to be at home? Absolutely.

[2:02:56](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=7376) Oh, yeah. And that's all we're talking about here. Cuz you're not he's not he's not really talking about you working 10 or 15 years, right?

[2:03:08](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=7388) And he's making 110. And how how long have y'all been married? Uh, six years. And what did he make when you first got married?

[2:03:18](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=7398) Um, probably 80 to 85. Yeah. So, if he stays on that track, growth track in his career, you guys are going to be very, very wealthy without your income. And I also give you a suspicion when the kids are in school, you may go back and do something else.

[2:03:37](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=7417) Mhm. Cuz you might get bored. I don't know. I mean, it's possible, right? Yeah.

[2:03:46](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=7426) My wife didn't. My wife stayed at home for 40 the last 43 years from the time our our oldest was born. She never went back to work. And it's what we wanted to do. It's what she wanted to do. We were in agreement. There was no disagreement. Um uh but and and you know she and honestly it's probably one of the reasons that we've been so stinking successful is I didn't have to worry about drama at home because any drama at home Miss Sharon handled it. I'll just tell you before I got home. Wait till your daddy got home doesn't come out of her mouth is already done before I got there. So

[2:04:19](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=7459) um you know that but that that's a beautiful thing. There's economic value to what she's talking

[2:04:26](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=7466) 100%. Maybe maybe greater than 70 grand. Listen, cuz if you have to hire somebody to do the work of of of a stay-at-home mom, you're paying.

[2:04:34](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=7474) I don't even want to talk about it. You're paying. Yeah. So, I I think your husband is a great man. And I would just as as the old grandpa in the group, I would encourage him to enjoy his children through his wife being at home and pay off the mortgage two years slower than he would like. I think that's a win for everybody in this picture. You can't lose sight of why you're doing all of this. If you lose sight, it takes it sucks the joy and the the the reasoning right out of it.

[2:05:03](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=7503) And don't miss the fact that I hate de Dave Ramsey is the one that just said that.

[2:05:08](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=7508) Okay, that's a big deal. Yeah, if you play this call for the super nerd, he might uh fall out of his chair.

[2:05:14](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=7514) I I I you could play it for him because I'm a fan of his. I like him. I think he's a great guy. I think he just his uneasiness is not wellounded.

[2:05:22](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=7522) I agree with that. That's all it is. And it's just it comes from his nature and the way he's approaching this which is also going to be it's gonna help us. It's gonna be a plus. So comes out ahead. Very cool.

[2:05:32](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=7532) Very cool. You know the number of times Jay we run into somebody over the years that say you know if I didn't have this van payment I could afford to be at home and we go we'll sell the van. Oh I had thought of that. Yeah.

[2:05:46](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=7546) I mean, it's just some of this stuff is fairly when you decide what is the priority owning a van or being at home,

[2:05:52](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=7552) right? Right. You know, I mean, you know, in her case, it's not that simple, but but what's the priority? Two years or four years?

[2:05:59](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=7559) It's not that big of a deal. Or or whether three years or six years, whatever the actual number turns out to be, but it's going to be right around those numbers.

[2:06:06](https://reclip.me/podcast/the-ramsey-show/dont-let-debt-delay-your-financial-future-november-6-2026/transcript?t=7566) It's going to be really close. And so, it's a good trade. It's a good trade. Good. One on one side of the scale, on the other side of the scale. What are we going to do here? That puts this hour of the Ramsey Show in the books. We'll be back with you before you know it. In the meantime, remember there's ultimately only one way to financial peace, and that's to walk daily with the prince of peace, Christ Jesus.

## Questions about this episode

### Who speaks in "Don't Let Debt Delay Your Financial Future | November 6, 2026"?

Dave Ramsey (Host), Jade Wall (Host), Brian Befini (Guest), Richard (Host), Hannah (Host), Jordan Peterson (mentioned) (Guest).

### What is "Don't Let Debt Delay Your Financial Future | November 6, 2026" about?

A financially stressed 24-year-old faces potential house sale due to overextended debt, student loans, and unaffordable monthly payments after co-signing with family, raising concerns about losing the down payment and the ability to recover costs. The discussion centers on debt management, potential downside of co-signing, and options to regain financial footing.

### What is mentioned in this The Ramsey Show episode?

79 people, works and ideas are mentioned, including Dave Ramsey, Ramsay Solutions, Baby Steps, Emergency Fund, ACE, Jade Warshaw. Each one on this page links to its own page with every episode that mentions it.

### How long is "Don't Let Debt Delay Your Financial Future | November 6, 2026"?

The episode runs 2 h 7 min; the transcript is about 23,250 words in 436 timestamped sections.

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About this transcript: the episode's spoken words as captioned on YouTube, split into timestamped sections. Reclip.Me locates every person, work and idea in the text, keeps the time it is first named, and quotes the words around it verbatim. Last updated November 7, 2026.