Full Episode
Live from Ramsey Solutions, this is The Ramsey Show, where we help people build wealth, do work they love, and create amazing relationships. I am Rachel Cruz, hosting this hour with my good friend and fellow co-host of the Smart Money Happy Hour, George Camel.
Different vibe on this show, but still fun.
Still fun. Yeah, we don't have a cocktail on the show, but we are answering your questions, America. So give us a call at 888-825-5225, and we'll help you out. And it's anything from your career, your money, your life, relationships, anything and everything. We're going to start off this hour with Alex in Cleveland, Ohio. Hi, Alex. Welcome to the show.
Hi, thanks. How are you guys doing today?
We're doing great. How can we help? Good.
Uh, so I am 23 years old. Um, I roughly have about 90,000 in debt. Um, 47 of that is, uh, a car loan. My payment per month is $1,200.
Okay.
Um, when I bought the car, I was making roughly 150 per year. Um, lost both those jobs and now I make about 60 per year. And, um, Just wondering, should I voluntarily surrender my car? Um, I really can't afford it anymore with, um, between rent and cost of living. Um, I have 47 on the car, about 37 in student loans and 6,000 on credit cards.
Um, I did a complete baby step number one, working on number two. Um, my mom also mentioned that she thinks I should file for bankruptcy. I'm not sure if that's the best solution, but I just wanted to get your guys's thought on that.
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