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cover of episode Debt Isn't The Problem - Your Mindset Is

Debt Isn't The Problem - Your Mindset Is

2025/3/24

The Ramsey Show

AI Chapters Transcript

Dave and Jade discuss a parent's dilemma of whether to bail out their son from a $200,000 tax debt, focusing on the importance of tough love and financial independence.

Jeff's son owes $200K in tax debt, much from interest and penalties.
The son has not filed tax returns for four years.
Jeff and his wife are financially capable but hesitate to bail out their son.
Dave advises against bailing out to encourage financial responsibility.
Jeff considers adjusting his will to protect his assets from potential IRS liens.

Shownotes Transcript

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While the show hosts are on the Ramsey Cruise for the week, we've compiled some of our favorite Dave and Jade calls from 2024. Enjoy your week and we'll be back with a live show soon!

Dave Ramsey & Jade Warshaw answer your questions and discuss:

‘Son asked me to bail him out of $200K tax debt’
'Is it dumb to take out a business loan?’
‘We've lost a ton of money with no end in sight’
‘Do cost-of-living raises cause more inflation?'
‘I owe the IRS $100K with my ex-husband’
'Is it wrong to build wealth?'

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