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cover of episode Why Car Payments Are Keeping Americans in the Middle Class

Why Car Payments Are Keeping Americans in the Middle Class

2024/10/8
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The Ramsey Show

Chapters

Ken Coleman and Jade Warshaw discuss debt payoff strategies with a listener named Taylor, focusing on increasing income and selling assets like cars to expedite the process. They emphasize the importance of intensity in debt repayment and offer practical steps for Taylor to improve her financial situation.
  • Car payments are a major obstacle for many Americans trying to build wealth.
  • Intense focus and effort are key to successful debt repayment.
  • Selling assets can provide a significant boost to debt payoff progress.

Shownotes Transcript

📱Watch the full episode for free in the Ramsey Network app.)

Ken Coleman & Jade Warshaw answer your questions and discuss:

  • "Should I change jobs to help pay off debt?"

  • "How should I invest after selling my business?"

  • "Which credit card should I get for my son?"

  • "Spend $6K to see Taylor Swift with my daughter?"

  • "My mortgage is 65% of our income,"

  • "I'm getting $3.1M from my divorce settlement,"

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