Kathleen
Appearances
The Ramsey Show
Be the Tortoise Not the Hare
No, but I mean, my sister, she can float me, but not forever.
The Ramsey Show
Normal Is Broke and in Debt. Do You Want To Be Normal?
So my husband and I are trying to get out of debt. Right now we have a $26,000 car loan. We want to get rid of that for an $8,000 2012 minivan. But we would be rolling over negative equity if we decide to roll over. Can you just not?
The Ramsey Show
Normal Is Broke and in Debt. Do You Want To Be Normal?
Well, that's the thing. We're trying to get out of this car loan.
The Ramsey Show
Normal Is Broke and in Debt. Do You Want To Be Normal?
We owe negative equity about $4,000 to $6,000. Okay.
The Ramsey Show
Normal Is Broke and in Debt. Do You Want To Be Normal?
If we sold it to CarMax today, $22,000. If we sold it to the dealership, about $18,000.
The Ramsey Show
Normal Is Broke and in Debt. Do You Want To Be Normal?
I don't think it would be worth that much.
The Ramsey Show
Normal Is Broke and in Debt. Do You Want To Be Normal?
The thing about private party, it just doesn't sound safe. And I don't want to screw myself over selling a private party.
The Ramsey Show
Normal Is Broke and in Debt. Do You Want To Be Normal?
No, no, no, not like that. I mean like legit. If I sell at private party, I would have to make sure that... Go to the bank with them.
The Ramsey Show
Normal Is Broke and in Debt. Do You Want To Be Normal?
Hi, thank you. I'm good. Thank you for taking the call. I'm calling from Canada, Ottawa. So I have a couple of collections. I think it's seven. Yeah, I have seven different collections. Three of mine, four is mine, and three from my husband.
The Ramsey Show
Normal Is Broke and in Debt. Do You Want To Be Normal?
Yeah, we are in collections right now. And the amount is not too much. It's around $14,000. Each around $2,000. And so last month, my husband started working full-time. We are new in Canada. We came as a refugee. And first three years, we didn't speak English. So all three years, we were just educating ourselves to speak English. Where are you guys from? We are from Turkey.
The Ramsey Show
Normal Is Broke and in Debt. Do You Want To Be Normal?
Yeah. So first three years, we got an English course from college, so we had also a student loan. But it wasn't the best course because it was an academic course, but we didn't even speak English. It didn't help us.
The Ramsey Show
Normal Is Broke and in Debt. Do You Want To Be Normal?
No, it wasn't for a career. It was just to learn English, but we chose the wrong option, to be honest. Okay. Instead of three English courses, we chose to go to college. And we couldn't finish the course because it was a heavy academic English course, and we didn't even speak English. You couldn't understand it enough. No, nothing.
The Ramsey Show
Normal Is Broke and in Debt. Do You Want To Be Normal?
So our community, our Turkish community, gave us bad advice, and they told us we have to get two cars on loan and do Uber. Oh, my goodness. and the Uber during those times. Uh, that's what we did and everything went even worse. So I sold my car and my husband finished her loan this month. Yeah, this was the last month. Uh, and during that time we find a free PSW course from government.
The Ramsey Show
Normal Is Broke and in Debt. Do You Want To Be Normal?
We take that course first me and then I started working and then my husband. So last three years we were just having one income coming in the home. So we just avoid all the debt. And this month, my husband started getting his salary. How much? So our income is doubled. I'm earning around $3,500, and he earns around $4,000. This is the money comes to our account.
The Ramsey Show
Normal Is Broke and in Debt. Do You Want To Be Normal?
Yes. And our, how do you say outcome? No, income expense. Our expenses are around $2,500, but also the food. So we can say $3,500.
The Ramsey Show
Normal Is Broke and in Debt. Do You Want To Be Normal?
It looks like it. This was the first month we got the money. So we decided to start paying everything and fix the five years mistakes we did it. But when I called the collection agency, they told me that I have to pay in full amount today, and the next seller will come next Friday, and I have to wait. So they told me that I have to call a debt consolidation company.
The Ramsey Show
Normal Is Broke and in Debt. Do You Want To Be Normal?
So I told them that I will pay it in six months, the whole seven collections, but they all want me to pay this month. They keep calling me 10 times a day. It's killing me right now. So we decided to talk with the...
The Ramsey Show
Normal Is Broke and in Debt. Do You Want To Be Normal?
debt recovery agency just to learn what is that and they made resettlements all the debts and they said that now it's ten thousand dollars they sent us the paper thank god we know english now so we can read it and it says uh that we will pay back 26 like yeah these companies are scum dollars back they're scamming amounts yeah so we said no but now since yesterday
The Ramsey Show
Normal Is Broke and in Debt. Do You Want To Be Normal?
My phone is, like, they keep calling me because they got my number.
The Ramsey Show
Normal Is Broke and in Debt. Do You Want To Be Normal?
But they told me that there will be legal in secret. I don't know that word.
The Ramsey Show
Normal Is Broke and in Debt. Do You Want To Be Normal?
Oh, yeah. We did a math and it was saying six months. We can do it for amazing.
The Ramsey Show
Normal Is Broke and in Debt. Do You Want To Be Normal?
We are doing that last five years, so for sure we can do that.
The Ramsey Show
Normal Is Broke and in Debt. Do You Want To Be Normal?
But you guys are getting out of this. The biggest problem, one of the biggest problems, we have one debt in collection. It's $75. I don't even know how we did that. I can't understand. I mean, it's just $75. We didn't see it. Well, get verification.
The Ramsey Show
Normal Is Broke and in Debt. Do You Want To Be Normal?
Yeah, they send us. We really have that on one of the credit cards. We just didn't know how to use the online system, and we thought we'd pay it. It was four years ago. So now what they're telling me is it's not just about money. If I pay all these debts... My credit score will be still the same, so I have to do this loan to get my credit.
The Ramsey Show
Normal Is Broke and in Debt. Do You Want To Be Normal?
I paid two collections yesterday, the minimum ones, the $75 and $660 ones I paid yesterday.
The Ramsey Show
Normal Is Broke and in Debt. Do You Want To Be Normal?
It was a big relief. It was a good time.
The Ramsey Show
Normal Is Broke and in Debt. Do You Want To Be Normal?
Hi. Thank you for taking my call, by the way. I am currently living with my daughter while I'm looking to buy a house. And what I've been looking at, it feels like the prices are way high for what the houses are.
The Ramsey Show
Normal Is Broke and in Debt. Do You Want To Be Normal?
Let me come closer to the window. I'm by the window. Can you hear me now?
The Ramsey Show
Normal Is Broke and in Debt. Do You Want To Be Normal?
The question is, should I go ahead and throw all my money into the house, or should I hold off and wait for a housing bubble, if there is in fact one, to burst while we recover with our energy production and reduce regulations?
The Ramsey Show
Normal Is Broke and in Debt. Do You Want To Be Normal?
Well, I'm watching it, for sure.
The Ramsey Show
Normal Is Broke and in Debt. Do You Want To Be Normal?
Well, I shouldn't say all my money. I'm retired, and I have my retirement investments, and that's set aside to not be touched. Okay. But this is money that I have from when I sold my last house.
The Ramsey Show
Normal Is Broke and in Debt. Do You Want To Be Normal?
I'd like to buy a house for $350,000, but they are not looking like anything I can actually live in over the long course. I want something that I can retire, that I can age in, age in place.
The Ramsey Show
Normal Is Broke and in Debt. Do You Want To Be Normal?
Okay. Thank you. Thank you. That's the lesson of inflation. And you wonder, well, okay, which side should I be on, the inflation or the bubble first?
The Ramsey Show
Normal Is Broke and in Debt. Do You Want To Be Normal?
Hi. I'm so excited to talk to you, Dustin.
The Ramsey Show
Normal Is Broke and in Debt. Do You Want To Be Normal?
Yes. I have recently become the main breadwinner of our family when my husband retired from the military. And now we are looking at how to protect our family's well-being in case I become unable to work. So we have been looking into disability insurance. But we are also pretty sure that I will have at least a couple of exclusions from coverage. So we're wondering if it's even worse.
The Ramsey Show
Normal Is Broke and in Debt. Do You Want To Be Normal?
No, no. It's just pre-existing conditions that I have been living with for two decades now.
The Ramsey Show
Normal Is Broke and in Debt. Do You Want To Be Normal?
No, not like that. It's like things like hypertension, and I have a few spines and stuff like that. So those are things that if they happen or if they become worse, are going to get me disabled. But they may never become an issue.
The Ramsey Show
Normal Is Broke and in Debt. Do You Want To Be Normal?
Gotcha. Yeah, very well might.
The Ramsey Show
Normal Is Broke and in Debt. Do You Want To Be Normal?
And they're currently, all of my information is in underwriting, but they said that I should probably expect a premium around $100 a month.
The Ramsey Show
Normal Is Broke and in Debt. Do You Want To Be Normal?
Yeah, I was also surprised, but with all three of my conditions excluded.
The Ramsey Show
Normal Is Broke and in Debt. Do You Want To Be Normal?
Yes, but I need an op-ed. I was covered for the little bit that I was making as a stay-at-home homeschooling mom, but I need it now that... Yeah, what do you make a year? Last year I made $71,000, but I wasn't working full-time. So it's probably going to be more around $90,000 this year.
The Ramsey Show
Normal Is Broke and in Debt. Do You Want To Be Normal?
Yeah, they told me that I can probably expect around $3,000 a month, which is perfect because it covers our mortgage. And then my husband's VA disability in retirement just has to cover our groceries and all of those things, which should be very easily doable.
The Ramsey Show
If You Live Fake Rich, You Will Become Real Broke!
So I have a question. I just got turned on to your show about a month ago and I've become an addict. I kind of learned about the baby steps several years ago from a friend of mine and it really burned a hole in me. So Just this week, I paid off my vehicle. I paid off all my personal loan except for my house.
The Ramsey Show
If You Live Fake Rich, You Will Become Real Broke!
Yeah, kind of. Paid off all the credit card student loan. I took a lot of extra gigs as a contract nurse and stuff.
The Ramsey Show
If You Live Fake Rich, You Will Become Real Broke!
Way to go. I did. I did. So my question, I am married. We've been married for 30 years. My husband is terrible with money. He has almost put us in the poor house three times. So about when I got turned on to this a couple of years ago, I've separated our finances completely because... You know, you give him a debit card, he has money. If he had checks, he had money.
The Ramsey Show
If You Live Fake Rich, You Will Become Real Broke!
So we have never agreed on money. He doesn't make as much as I do, but he is definitely not hurting as far as his credit sucks. He can't go anywhere. Sorry for the word. You're good. We've heard worse today. So he, I just found out that he did put all his stuff into like one of those credit, consumer people, but he didn't talk to me about it. So when I was out on, I've always done our income tax.
The Ramsey Show
If You Live Fake Rich, You Will Become Real Broke!
When I was out on the COVID run, he did one income tax return and he forgot to tell me he had spent or took money out of his 401k. So anyway, that's a $9,000 bill. I told him he has to pay it because that was his mistake. He didn't say anything about it. He didn't report it. And now he gets to pay it. So going back a couple of weeks, I was listening on one, um, to your show.
The Ramsey Show
If You Live Fake Rich, You Will Become Real Broke!
And I heard, I know I heard y'all talk about the Bitcoin and I'll sell it, whatever. But I do remember him mentioning something and I haven't been able to find the show about if you had stock like SQL stock. So when I worked in the hospital, I used to buy stock from them and it wasn't much, but when I checked on it the other day, it's worth 35 grand. My question is, do I want to sell it?
The Ramsey Show
If You Live Fake Rich, You Will Become Real Broke!
And then, um, pay some of that IRS because I'm in Texas, so everything's community property here. I owe half if he defuncts. Or do I take that money and do a Roth IRA for last year and then put the rest into my six-month emergency fund? Or should I just leave it and let it go still?
The Ramsey Show
If You Live Fake Rich, You Will Become Real Broke!
nine grand like they're not both our names but it was his mistake because he took the money out of his 401k and got the taxes and penalties and all that yep what did he use that money for reported i was gone so you have no idea what he spent it on does he have an addiction frivolous he likes to cook he likes to buy junk people don't rob their 401k to buy junk
The Ramsey Show
If You Live Fake Rich, You Will Become Real Broke!
Well, I cut him off from myself, like I said. He buys junk, believe me. He likes clothes. He likes junk. He does.
The Ramsey Show
If You Live Fake Rich, You Will Become Real Broke!
Well, his that I know of that I'm on is the $9,000. He did not tell me how much he has put into the...
The Ramsey Show
If You Live Fake Rich, You Will Become Real Broke!
My net worth. No, my net worth. I already have my, I have my thousand dollars in a separate account. I have paid all my accounts off and I, my, my net worth with all my IRAs and investments. Cause I put money in investments when I was doing the COVID thing also and paying off loans and also my net worth, according to my Quicken account or whatever that is, or whatever was on my computer.
The Ramsey Show
If You Live Fake Rich, You Will Become Real Broke!
Cause I'm not a really good money savvy person is about 670,000. Way to go.
The Ramsey Show
If You Live Fake Rich, You Will Become Real Broke!
My house only owns, I only owe 172 on my house right now.
The Ramsey Show
If You Live Fake Rich, You Will Become Real Broke!
Okay. But you've been doing the solo, essentially.
The Ramsey Show
If You Live Fake Rich, You Will Become Real Broke!
It's in a hospital stock, in a big corporate hospital.
The Ramsey Show
If You Live Fake Rich, You Will Become Real Broke!
Um, yeah, I mean, I bought it years ago. It was only like, you know, from payroll deduction and I've just kind of like left it on the back burner. Sure. Yeah. And it was like 25, 50, 50 bucks when I bought it and now it's worth like 300, I mean, it's $35,000. That's what I found out. That's amazing.
The Ramsey Show
If You Live Fake Rich, You Will Become Real Broke!
Oh, we still do married filing jointly just because it's cheaper that way.
The Ramsey Show
If You Live Fake Rich, You Will Become Real Broke!
Last year it was 94, but this year I got it up and it's 97.
The Ramsey Show
If You Live Fake Rich, You Will Become Real Broke!
Because I just found out yesterday when I called my HR benefits and stuff, we do have Roth IRAs available here at my job.
The Ramsey Show
If You Live Fake Rich, You Will Become Real Broke!
And then, Lee, I mean, that's... So should I put it into this year's IRA? Like, go ahead and put it in. Like, if I sell it, I get it before I file my income taxes. Put that into the 7,000 into my IRA for last year's, and then I can worry about the taxes on the long-term capital gains for this year? Yeah.
The Ramsey Show
If You Live Fake Rich, You Will Become Real Broke!
30 years. OK, so I did talk. I did talk to an attorney and basically he was like, it's cheaper to keep him.
The Ramsey Show
If You Live Fake Rich, You Will Become Real Broke!
Yes. I mean, he's very, I mean, he's not a, I don't even know how to say it. He's an oxymoron on his whole world. I mean, he's, so the kids need him for something, he's there. He's never been not there. Yeah. He did have an infidelity issue years ago.
The Ramsey Show
If You Live Fake Rich, You Will Become Real Broke!
I don't think that's a problem. It hasn't been a problem anymore.
We Can Do Hard Things
How to Say No: Boundaries with Nedra Glover Tawwab (Best Of)
My name is Kathleen and here's my situation. The other night, Saturday, I decided I'm super sleepy and I'm going to go to bed and I tell my husband that And he's very angry. And then he sort of does that passive aggressive, I'm not going to pay attention to you, whatever, until the next morning. And the next morning, I asked why he was still angry. And he says, it's so aggravating.
We Can Do Hard Things
How to Say No: Boundaries with Nedra Glover Tawwab (Best Of)
It's like you're on your own schedule. And I kind of hesitate and don't respond and go about life. But it's been eating at me. And I have to think, what the fuck does that mean? Of course, I'm on my own schedule. I'm a grown up. My kids are grown up. Whose schedule should I be on, if not my own schedule? So there's my thought. Talk amongst yourselves.