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The Ramsey Show

It’s Time To Cut Debt out of Your Life!

14 Mar 2025

Transcription

How can I catch up on retirement savings late in life?

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905.431 - 923.418 George Kamel

So your mortgage is a debt. And so it's reported on your credit report. It will create a credit score. It will keep that credit score until you pay off the mortgage. And then six to 12 months later, after you pay off the mortgage, your credit score will disappear for good and you won't need debt anymore. So there's the good news. There it is. That was a fun call. I enjoyed that.

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923.458 - 928.081 Ken Coleman

Now, you and I are under the gun. We're going to have that big burly guy calling us for what we just told him.

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928.101 - 931.184 George Kamel

Yeah, I can't wait to call Capital One and tell them, Kyle told me he'd cut up his card.

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931.244 - 942.552 Ken Coleman

We should rat him out. Narc. That's what we'll do. Let's go to Orlando, Florida, the home of the happiest place on earth, apparently. Ella is there. Ella, how can we help?

943.753 - 945.614 Ella

Hey, Ken and George. Thanks for taking the call.

945.754 - 946.575 Ken Coleman

You bet. What's up?

947.785 - 961.392 Ella

So I recently got an offer for a new vault by company. It's a promotion and an internal transfer, but it's a large bump in pay. And I want to know if it's greedy or not to counter offer since we can see my salary.

961.412 - 968.035 Ken Coleman

So let me make sure I understood you. You just got a really nice offer. It's an internal transfer, same company.

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