Use All Of My Savings to Pay Off My Debt?!

Use All Of My Savings to Pay Off My Debt?!

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• The Ramsey Show (Highlights):

[MillionaireMindsetClub]

It's not easy to see your hard earned money leave your bank account, but think long term and pay off the debt.

[lordstanleyjr]

I just lost my job & got a buy out.I took some of the money & paid off my debt.I had $23K in debt & got it down to $9K when I was let go.I just paid off the rest & now I feel great.

[wtDrake]

*"how you doin kids?"*

Ken: Living the dream, how are you?

*"I'm good how are you?"*

Ken: 😐🤔

[matthewbarry]

You can build up savings again. Good on you for getting rid of interest!!

[authenticallyshawnte]

I love to hear stories from small town people like myself. Good job Eric.
- From Ferriday LA

[keysncoffee]

Listen to the tone of the caller at the beginning of this call versus the end. Complete 180°. That’s the power of being around people who lift you up 🙌

[Bamapride]

I like these other personalities but wish they asked all the questions that Dave usually does about the person's income and debt to get a more in depth analysis

[michanoreiga]

Love the program but missing Chris show

[daniellebatista]

"My wife rolled her eyes & walked into the other room" 😂😂😂

[joaquimsabina]

Is going to owe 3900 either way. So pay the one that has bigger interest

[tavonwillis]

Wonderful. I hope Eric makes it to Nashville to his debt free scream.

[HangNguyen-ihrf]

Yea throw everything at debts except 1k “emergency.” 🤯 this day and age

[dannyk]

Ken was like, move over John, I’ve been here longer lol

[YMD]

Curious..why would you advise him to pay off the car loan before the credit card since it’s likely that the interest rate is higher on the card than the car?

[RomeReactions]

Struggled with this too at first. The way to think of it is by paying off your debt early, you essentially pay yourself back the interest you would’ve paid.

[hrsToChooseThis]

Man I actually got excited for this guy lol

[digitaltissue]

Why did they decide for him to pay off the car before the CC debt?

[bryankasper]

car most likely has a lower interest rate (probably 1/4) so that seems silly to put it toward the car and not the credit card. owning a car means nothing because the only way you can access the value of the car is if you sell it.

[DJ]

I’m in a similar situation only thing is I’m moving out of my parents in June and I’m not sure if I should use my savings to pay off my debt or keep the savings for rent and bills 😬

[xenonkey]

He just called in to gloat that he was almost finished. The question was loaded. 🤣