The Ramsey Show We Make $200K and We’re Still Broke
Feb 26, 2026
Callers bring dramatic money dilemmas like owing six-figure debts despite high income and juggling $40K tax bills. Conversations cover using retirement to cover loans, crushing unaffordable vehicle payments, and whether to buy or sell homes amid life changes. Other highlights include shared property rules, legal housing for business owners, and when to add insurance and wills.
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Raises Amplify Old Spending Habits
- Insight: Higher income often hides worse spending choices rather than solving past mistakes.
- George noted Jessica's new $200K gross didn't fix prior behaviors; raises can amplify bad spending unless habits change.
Rent Longer To Save 20 Percent And Avoid PMI
- Do delay buying a home and rent while saving to put 20% down and pay off debt first when finances are tight.
- Rachel and George recommended Tyler wait 6–12 months, rent despite longer drives, knock out $30K student loans, and aim for 20% down to avoid stress and PMI.
Disability Drove A Costly But Necessary Move
- Anecdote: A permanent disability prompted a move from Boise to Seattle despite much higher housing costs.
- Haley sold a $1,200 mortgage home, now rents at $3,285 in Seattle, but has $280K in proceeds saved and family support, changing financial priorities.
