The Ramsey Show

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You Can't Borrow Your Way To A Better Life

Explore episode Jul 13, 2026
Business
New Dad at 25 Is Paralyzed by Competing Financial Goals

You Can't Borrow Your Way To A Better Life · Jul 13, 2026 Business

A 25-year-old new dad is juggling Robinhood investments, a joint credit card he doesn't control, $14K in savings, and $28K in debt — all while living rent-free with his girlfriend's mom. George's verdict: pay down to $1,000, kill the debt, get legally married, and build a real financial foundation before trying to do everything at once.

Where this was said

Barbara in Salt Lake City — Widow at 59 With $236K in CDs

At 1:56:20 · chapter starts 1:50:20

Barbara's call is one of the episode's most emotionally weighty. Her husband Bill was run off the road while hauling fuel, they lost everything, recovered partially, and then he died unexpectedly — after which she froze financially, missing three years of tax filings. She's been surviving on nanny income ($3,200/month) plus $600 from the Office of Personnel Management, living simply, and has a paid-off home and car. The $236K in CDs is her only nest egg, and it's barely growing. George's plan is practical and hopeful: pay off $8K in debt, park $20K in a Fairwinds high-yield account as a liquid emergency fund, and invest the remaining $216K with a SmartVestor Pro. At 10-12% growth, she could have over $500K by 67 — plus Social Security.

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