🔗 Share the Ramsey 101 Playlist! George Kamel and Dr. John Delony answer your questions and discuss: "Should I leave an inheritance to my children who won't speak to me?" "My dad's car was impounded and we didn't pay the fines. Now it's being sent to collections, how do I help him in this?" "My wife and I disagree on whether my son should help pay for his college." "We've been struggling to survive month-to-month and we're behind on our debt. How do we get out of this?" "Is it too late to get out of my debt consolidation program?" "Is it a good idea to transfer my car loan balance to a balance transfer credit card?" "I've been with my financially irresponsible boyfriend for 20 years and I'm fed up and don't know what to do." 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. 📱 Download the free Ramsey Network app! 📈 Are you on track with the Baby Steps? Get a Free Personalized Plan 📖 Have more money and less stress with George Kamel's book, Breaking Free From Broke! 👩❤️💋👨 Get tickets for Money & Marriage Getaway. 🏠 Get organized and prepared to buy or sell a home. 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 Use code RAMSEY to save 20% at Mama Bear Legal Forms 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: Should I leave an inheritance to my estranged children?
Really heartbreaking. And I do believe that the drug aspect is part of it because I think that if my kids were in my world today, They know that I would make sure their children were safe. And in my humble opinion, you can't be an active addict to be a very good parent.
I think there's truth to that. I think that's fair.
I also think it's cruel. And they know that I would do something about that.
Yeah. I mean, if you think that the kids, their kids are in danger now, I think just not only as a grandma, but as a citizen, you have a responsibility to make a phone call, right? Yes. Yes. Yes. I think it's cruel to give somebody who's struggling with heroin a big inheritance because it's going to kill it.
I agree.
It's going to kill it.
I agree.
And so how much money are we talking here?
Well, it kind of depends. I'm separated and our homes were, you know, my neighbor sold our home for 1.2 million. So mine's probably 900,000. So I'm separated in that possibility of a divorce and, And let's say down the road, a possibility of $600,000 to $800,000.
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Chapter 2: How can I help my dad with his car being sent to collections?
Okay, so let's just say we have a $40,000 car payment. He has a lease on his truck, which we never had debt before, by the way. This is all new. And then I have about $15,000 in credit cards and then a $15,000 personal loan.
And you're proud of your low mortgage because that's the saving grace in all of this. What are you doing?
You told us you're financially strapped. It's so hard to wrap our minds around, like, oh, my God. No, none of this matters. And my husband's having, yeah, okay.
None of this matters. You don't want to live in Las Vegas again. I don't know what it was about your life back then that you didn't like. Maybe you didn't like how he was in Vegas. You didn't like the heat. You didn't like the dirt. You didn't like the community. Whatever it was, it's all okay. But you have to have the courage in your marriage to say, I don't want to live in Las Vegas.
Every time a couple backs themselves into an either or situation, here's your homework assignment. Because here's what happens. You have falsely trapped yourselves. And you're either about to sell a house in a community that you love because your husband won't look for a job in San Diego. Or you're about to move to a place that is going to make you miserable.
And you're going to become somebody you don't want to be.
We both don't really want to move back, but we just kind of feel like – and he's willing to – out here, he even said, like, I'll get a job, da-da-da-da-da. What does he make from this business? It's not enough.
So what happened to this opportunity? When you say he had an opportunity to buy this business –
1.9.
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Chapter 6: Can I transfer my car loan to a credit card?
Chapter 7: What should I do about a financially irresponsible partner?
I mean, I don't want you to fall into the same traps because you're busy trying to help dad, so now you're in a financial bind, and we continue this generational curse. Or you keep waiting for the Lord to provide, but y'all are burying your head in the sand.
Yeah, no, definitely. And I found you guys this year, so I'm really getting to do my finances the way you guys are advised.
Okay, but step one of our plan is taking 100% ownership of the mess and not avoiding anything.
Mm-hmm.
So that might be that you call the impound place and we call this a stupid tax around here. We do say that with a smile on our face. We're not calling anybody stupid, but you call them and say, I got a thousand dollars. That's all I'm paying for this thing. My dad's on fixed income. He has nothing. They will do somersaults and backflips that they got anything from you.
And tell him you already sold my dad's car. We still have the title of it. You took the car, you sold it. So for the price that you got for it, and here's a thousand bucks, this is over. Send me this in writing and I will give you a cashier's check. Period.
Okay.
And you might have to help him out there, but just get it done. And then the condo stuff, don't put your head in the sand on that because those fees are going to pile up on you too and get crazy. You're going to be in the same boat, except he's going to lose his house.
So let's take that sucker head on. So you've got some homework to do. You've got to contact them and say, hey, I need the sale price breakdown proving that this car was sold for how much. I need a fee breakdown of what everything you're charging me is for after the sale of the car was removed from that. And then you need to dispute or negotiate the balance.
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