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Chapter 1: What is the premise of 'The Ramsey Show'?
Live from the headquarters of Ramsey Solutions, it's The Ramsey Show, where we help people build wealth, do work that they love, and create actual amazing relationships. Open phones here at 888-825-5225. That's 888-825-5225. Number one best-selling author, Ramsey personality, George Camel is my co-host today. Open phones here again. And here's what we do with you folks.
We take your calls, and we have no idea what you're going to ask except what you told Christian, our phone screener. We don't set up these calls. We don't make them up. The truth is, George, we don't have to make them up because some of you... And some of the people in your life are so freaking crazy that it makes entertainment in and of itself just real life.
We couldn't even make up some of this stuff.
No. Much like news and politics, the reality is actually more entertaining than anything you could write or dream up.
There you go. So that's what this show is. I mean, fiction's harder to write. Exactly. So we just take it as we see it. So we're here to help you. All kidding aside, regardless of if you've done something dumb, because if you've done something dumb, that makes you human. I've done a lot dumb. As a matter of fact, I've got a PhD in DUMB. I'm not proud of it, but it is the degree I have.
And so we're here to help you not live. in the land of broke due to decisions that you made when you weren't thinking straight. Again, 888-825-5225. Thank you for being with us, America. We're glad you're here. Mark is in Columbus, Ohio. If I push the right button, there's Mark. Hey, Mark, how are you? I'm doing well, sir. How are you? Better than I deserve. What's up in your world? Okay.
So I've been listening to you guys every morning, um, on my way to work on, on the, um, satellite radio, like the car. And, um, I just, I got into a mess here. I make about 125,000 a year. And, um, last year I made 125 and then I got a bonus of like 70,000 last year too. And, um, And then right now, I don't have anything in my savings. I don't have anything in my checkings. I'm broke.
I'm paying my very minimums on my credit card. I got about 27 credit cards. I pay the minimum, and it's like every day I'm paying the minimum on one of those cards, and it's like I miss a card once. One month, I forgot I had one, so I'm writing them in my calendar. So every day in my calendar is filled with a minimum payment that I've got to pay to a credit card company.
How much do you owe in credit card debt? How much is the credit card debt total? About $12,000. Okay, you made $200,000 with your bonus. What did you do with it?
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Chapter 2: How do I handle overwhelming credit card debt?
All of it.
All of it between the two of you? Yes. Whoa!
Yeah, we paid down about $4,000. She had $4,000 in credit card debt when I had her. Yeah. We got that taken care of before we got married and then did Financial Peace University.
Yep.
Wow. So you've been married about six years?
Seven. Yeah.
And the first thing you had to do is climb a mountain of $260,000? Yep.
Yeah, we called it our first mortgage. That'll do it.
Now the mortgage is going to seem like a piece of cake.
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