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cover of episode Debt Is Not a Path to Wealth or Peace

Debt Is Not a Path to Wealth or Peace

2024/9/3
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Richie, a product manager with half a million dollars in debt and eight months of unemployment, seeks advice. He's exhausted his savings and borrowed from friends and family. His primary issue is income, and he needs to change his job search strategy while finding interim work.
  • Richie has over $500,000 in debt, mostly from his home.
  • He's been jobless for eight months after working as a software product manager.
  • He needs to change his job search strategy from online applications to networking.
  • He should consider interim jobs to cover living expenses while looking for a product manager role.
  • He may need to sell his house and car to address his debt.

Shownotes Transcript

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

Ken Coleman & George Kamel answer your questions and discuss:

  • "I am over $500K in debt"

  • You have to take ownership of your mistakes,

  • "Should I buy a house with my boyfriend?

  • Buying a car for a side hustle,

  • Using money from investments to pay off parent plus loans

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