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Full Episode
Live from the headquarters of Ramsey Solutions, it's The Ramsey Show, where we help people build wealth, do work that they love, and create actual, amazing relationships. I'm Dave Ramsey, your host. Thank you for joining us. Jade Walshaw, number one best-selling author and Ramsey personality, is my co-host today. Robert is in Washington, D.C. Hi, Robert. How are you?
Doing great, Dave. Thanks for asking. Glad to have a little bit of time on this show with y'all.
Well, we're honored. How can we help, sir?
So I have a family business that we've been managing for about seven years now. It's going to be closing down in the next couple months, and we're going to be due to owe about $160,000 in debt. How can my wife and I attack our share of the debt while also protecting our household finances?
Okay, who owns the business?
So the business is a split between my mother-in-law, father-in-law, my sister-in-law and her husband, and my wife and I. It's not exactly one-third all the way around, but it's pretty close.
Okay, so what percentage do you own?
My wife and I own 30% together.
Okay, and what is the nature of the $160,000 in debt? What kind of debt?
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