📈 Are you on track with the Baby Steps? Get a Free Personalized Plan 📱 Watch the full episode for free in the Ramsey Network app. Dave Ramsey and Ken Coleman answer your questions and discuss: "How can I stay afloat since my husband stopped making child support payments?" "We keep going into the red every month. What should we default on?" "Should I disclose my net worth to my wife? I'm afraid of her bad spending habits getting worse" "Is it true that 85% of shares in the stock market are owned by three major companies?" "Should we move or remodel our house due to my wife's disability?" "My husband and I are in the process of separating, how do I support myself financially after the divorce?" Discussion of the stock market recovery. Next Steps: ✅ Help us make the show better by taking this short survey! 📞 Have a question for the show? Call 888-825-5225 weekdays from 2–5 p.m. ET or send us an email. 🏠 Get organized and prepared to buy or sell a home. 💰Hurry—Your chance to win $5k is almost over! Enter the Ramsey Cash Giveaway today! 💵 Start your free budget today. Download the EveryDollar app! Connect with our Sponsors: 🛒 Stop paying more and start shopping smarter at Aldi 🌱 Get 10% off your first month of BetterHelp 📱Go to Boost Mobile to switch today! 🏥 Learn more about Christian Healthcare Ministries 🏡 Get started today with Churchill Mortgage 🔒 Get 20% off when you join DeleteMe 🏦 Go to FAIRWINDS Credit Union for an exclusive account bundle! 🥗 Save 15% on your first Field of Greens order with code RAMSEY ⛨ Find top Health Insurance Plans at Health Trust Financial 💸 To find out more about student loan refinancing, check out Laurel Road 💻 Visit NetSuite today to learn more 🗂️ Use promo code RAMSEY for 18% off at The Nokbox 💵 Learn more about Timothy Plan 🏛 Get started with YRefy or call 844-2-RAMSEY 🔐 Visit Zander Insurance for your free instant quote today! Explore more from Ramsey Network: 💸 The Ramsey Show Highlights 🧠 The Dr. John Delony Show 🍸 Smart Money Happy Hour 💡 The Rachel Cruze Show 💰 George Kamel 🪑 Front Row Seat with Ken Coleman 📈 EntreLeadership Ramsey Solutions Privacy Policy Learn more about your ad choices. Visit megaphone.fm/adchoices
Chapter 1: How can I financially stay afloat after my husband stopped paying child support?
Open phones here at 888-825-5225. Thanks for being with us. Anna is in Huntsville, Alabama. Hi, Anna. How are you?
Hi, I'm good. Thanks for having me. Sure.
What's up in your world?
So my question is, I am seeking advice on how to stay afloat after a divorce and my ex-husband is not paying child support.
Why?
Well, so I was married for 20 years.
Why is he not paying child support?
Okay, well, he uses it to control me. It was an abusive marriage and... Um, I've been out for five years. And so for that five years, I mean, it's been, it's been a tool that he has hung on to that he can control me with.
How far behind is he on his child support payments?
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Chapter 2: What should I do when my household keeps going into the red each month?
And you could probably use that skill on the weekend.
Yes.
And make really good money.
Yeah. And I think you've been doing this for five years. And I understand the imposter syndrome that a lot of stay-at-home moms have. But you've been back in the world of work for five years. And I think it's time to raise your sights a little bit here. I agree with Dave. In the meantime, we need to be getting a second job. to try to bring in an additional $1,500, $2,000 a month.
That'd be the target that I would be going after because that gives you some breathing room to knock this debt out. But I would also, while you're doing that, be looking at the world of work. And we're going to give you my book, Find the Work You're Wired to Do. It comes with the Get Clear Assessment.
Please spend 15 to 20 minutes taking this and then read the book where I coach you how to take that information, what you're good at, what you enjoy doing and results you care about, turn it into more money. But we're going to give you that tool at the end of the call.
But the point I'm trying to encourage you with is you have far more opportunity to make more than $50,000 than you probably realize. And awareness of what you can do and where you can do it is, I think, homework item number one to see your future and get your confidence up.
Right. You're exactly right. My confidence was completely lost. gone when I got, you know, at the end of the marriage. So it's been five years of just realizing that, you know, that I am capable.
How much is the child support a month?
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Chapter 3: Should I disclose my net worth to my wife despite fears about her spending habits?
It's all going to debt. We basically have nothing left.
How much of the debt do you have?
A lot. So we did some home repairs in between. I've been in and out of jobs. I can show you that.
Do you make $200,000 or don't you?
Now we do.
Okay, right now you make $200,000. Okay, so you have home repairs that you did that you couldn't afford. How much are they?
So we did loans. So the first one was $30,000. The other one was $14,000.
Okay, so we owe $44,000 on home repairs. Okay, how much credit card, Dad?
Credit card. Hello?
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Chapter 4: Is it true that three major companies own 85% of the stock market shares?
So, how do I or should I ever disclose to my wife that we are secretly worth millions of dollars?
How long you been married, bro? Five years.
Are you from another culture, or did you grow up in America?
Yes. I've been in the United States for 20 years.
Where did you grow up?
I was born in Korea, but I was raised in San Jose.
Okay. How old are you? So you were raised by, obviously, Korean parents that immigrated here.
That is correct.
Because in Anglo-America, what you just described, as you probably realize, is pretty whacked. Right? I understand. That's why I immediately said there's some kind of a cultural reason for this, because it's very unusual.
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Chapter 5: Should we move or remodel our house due to my wife's disability and financial stress?
Chapter 6: How do I support myself financially after separation or divorce?
Open phones here at 888-825-5225. Thanks for being with us. Anna is in Huntsville, Alabama. Hi, Anna. How are you?
Hi, I'm good. Thanks for having me. Sure.
What's up in your world?
So my question is, I am seeking advice on how to stay afloat after a divorce and my ex-husband is not paying child support.
Why?
Well, so I was married for 20 years.
Why is he not paying child support?
Okay, well, he uses it to control me. It was an abusive marriage and... Um, I've been out for five years. And so for that five years, I mean, it's been, it's been a tool that he has hung on to that he can control me with.
How far behind is he on his child support payments?
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Chapter 7: How should I manage investing and savings when transitioning to self-employment with lower income?
I'm talking about the fact that you've been married to her for five years and sleeping with her for five years, but she didn't know you got any money. That's deception.
I handle all the finances in the family.
Honey, you're not listening. You keep deflecting every time I bring this at you. You have deceived your wife actively. She's not going to be cool with that. You hear that?
So, I understand that she's going to be somewhat... She is going to be angry. What I'm more troubled about is how she is going to take the news of these finances and if she's going to spend it.
No, we got that. You're scared to death. You're scared she's going to go spend all your money, Bubba. I got that.
Which is the reason you lied to her in the first place.
I got that. Did you have any money when you married her? Did you bring family money into the marriage? No. Okay. So I heard you say you've worked really hard over the last five years in your business. So you're self-employed. Is that right?
I have a full-time job and I have a business on the side.
Okay. What's making you that? Here's my question. How much is your income increased from day one of the marriage to today? How much has it increased? Sevenfold. Sevenfold. So you're making what now? $750,000. And so she's noticed that you've gotten more money, correct?
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Chapter 8: What tools can help graduates discover work they are wired to do?
This is on me, not on you, and what I'd like to do is apologize, one. Two, I'm going to go get healthy. Three, in the midst of all of that, we are going to do a budget together, and I'm going to bring you into everything. And for heaven's sakes, I'd start with giving her a bigger allowance, man.
No, you just need to talk about this.
No, I know. I said third step is after they budget.
As a part of the budget.
That's what I mean.
They both need to spend their money. Nobody that's a spouse gets an allowance.
Well, that's fair. That's right. Let me correct that because I'm not saying in that context, but she's got spending money, whatever that is. And in that budget, you need to loosen the reins some as she begins to build back trust because you are going to violate her trust when you tell her this is my point. So you're going to have to meet her in the middle, however you do that. That's fair.
I don't mean an actual allowance.
So, Damon, Ken and I are saying you're the problem, not her. That's what we're saying. and you need to go work on your buddy. This is a weird thing you've done and you need to own that.
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