The Ramsey Show You Can’t Make the Same Money Mistakes and Get Better Outcomes
11 snips
Jan 28, 2026 Listeners call in with wild real-life money dilemmas, from turning a paranormal side hustle into a business to collecting money after a $38,000 scam. They tackle credit maintenance, HOA special assessments, and whether to keep whole life insurance. Hear tense choices about high mortgage burden after divorce, student loan strategies, and emergency savings versus risky investments.
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Validate Income Before Going Full-Time
- Scale a hobby-business slowly and validate income before quitting your job.
- Formalize roles and create a written partnership agreement to avoid future conflicts.
Writing Off A Hard Scam Loss
- George described chasing a scammer for four years and getting a judgment with nothing collectible.
- He suggested emotionally writing the loss off and focusing energy on getting debt-free instead.
Mortgage Payments Keep Your Credit Alive
- A mortgage payment and on-time history can sustain a credit score without adding new credit.
- If you pay off your mortgage, expect your credit score to drop to indeterminable after 6–12 months unless other accounts stay open.