You And Your Spouse Have To Be on the Same Page | The Ramsey Show

Intro

In this episode of “The Ramsey Show,” Dave Ramsey and Dr. John Deloney discuss Ramsey’s new book, “Breaking Free From Broke,” and offer advice to callers struggling with debt and financial decisions. They emphasize the importance of being on the same page with your spouse when it comes to finances and making a plan for financial peace and freedom.

Main Takeaways

Breaking Free From Broke Book

• Ramsey and Deloney discuss Ramsey’s new book, “Breaking Free From Broke,” which aims to help people navigate the current financial landscape.
• The book unpacks the financial industrial complex that keeps people broke and offers strategies to break free from the broken financial system.
• It is based on extensive research and incorporates humor to engage readers.
• Pre-orders for the book are available on ramseysolutions.com/store and come with $100 in free bonus items.
• The book makes for a great Christmas gift, especially for those struggling with finances.

Financial Advice for Callers

• Caller had $319K student loan debt forgiven after 10 years, highlighting the possibility of loan forgiveness programs.
• Another caller has $33K personal debt and $22K in savings, and is advised to prioritize paying off debt and building an emergency fund before buying a house.
• Advice is given to avoid putting a low down payment on a house, as it can lead to financial stress and unexpected expenses.
• The importance of creating peace in your home and avoiding financial chaos is emphasized.
• Selling a home to pay off debt and build an emergency fund is suggested as a smart move.

Increasing Income and Building Wealth

• Advice is given to increase income through alternative means, such as driving for Uber or Lyft.
• Other suggestions for earning extra income include pursuing handyman work or starting a mobile oil change business.
• The importance of having margin, freedom, and options to take advantage of unforeseen opportunities is highlighted.
• Churchill Mortgage is recommended for navigating interest rates over time.

Managing Finances and Budgeting

• The Every Dollar app is recommended for budgeting and financial planning, offering a free trial for two to three months.
• Mint, a financial app, is discussed, with the hosts recommending Every Dollar as a better alternative.
• Advice is given to prioritize basic necessities over non-essential expenses and to face anxieties about money head-on by taking action.
• The importance of seeking support from loved ones, considering counseling for anxiety, and utilizing financial coaching is emphasized.

Summary

Ramsey’s New Book: Breaking Free From Broke

In this episode of “The Ramsey Show,” Dave Ramsey and Dr. John Deloney discuss Ramsey’s new book, “Breaking Free From Broke.” The book aims to help people navigate the current financial landscape, which is filled with distractions and noise. It unpacks the financial industrial complex that keeps people broke and offers strategies to break free from the broken financial system. The book is based on extensive research and incorporates humor to engage readers. Pre-orders for the book are available on ramseysolutions.com/store and come with $100 in free bonus items, making it a great Christmas gift for anyone struggling with finances.

Financial Advice for Callers

The hosts offer advice to callers struggling with debt and financial decisions. One caller had $319K student loan debt forgiven after 10 years, highlighting the possibility of loan forgiveness programs. Another caller has $33K personal debt and $22K in savings and is advised to prioritize paying off debt and building an emergency fund before buying a house. The hosts emphasize the importance of creating peace in your home and avoiding financial chaos. They suggest selling a home to pay off debt and build an emergency fund, and caution against putting a low down payment on a house, as it can lead to financial stress and unexpected expenses.

Increasing Income and Building Wealth

The hosts discuss various ways to increase income and build wealth. They suggest alternative means of earning extra income, such as driving for Uber or Lyft, pursuing handyman work, or starting a mobile oil change business. They emphasize the importance of having margin, freedom, and options to take advantage of unforeseen opportunities. Churchill Mortgage is recommended for navigating interest rates over time.

Managing Finances and Budgeting

The hosts discuss the importance of managing finances and budgeting. They recommend the Every Dollar app for budgeting and financial planning, offering a free trial for two to three months. They also discuss Mint, a financial app, and recommend Every Dollar as a better alternative. They advise prioritizing basic necessities over non-essential expenses and facing anxieties about money head-on by taking action. Seeking support from loved ones, considering counseling for anxiety, and utilizing financial coaching are also emphasized.

Conclusion

In this episode of “The Ramsey Show,” Dave Ramsey and Dr. John Deloney provide valuable advice on navigating the financial landscape and making wise financial decisions. They discuss Ramsey’s new book, “Breaking Free From Broke,” which offers strategies to break free from the broken financial system. They emphasize the importance of being on the same page with your spouse, creating a plan for financial peace and freedom, and seeking support and guidance when needed. By implementing the advice shared in this episode, listeners can take steps towards achieving financial freedom and building wealth.