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Normal Is Comfortable, but Comfort Doesn’t Build Wealth
2025/3/31
The Ramsey Show
Vinny, a small business owner, seeks advice on managing $95,000 in business debt and personal debts while aiming to buy a house. Dave Ramsey and Jade Warshaw advise him to sell a recently acquired, unnecessary truck to eliminate $30,000 of debt, focus on growing his landscaping and construction business, and halt all further borrowing.
- Vinny is struggling with $95,000 in business and personal debt, hindering his ability to save and invest.
- The largest portion of his debt is from a truck purchased after an accident, which he doesn't need.
- Ramsey advises selling the truck immediately to eliminate $30,000 in debt.
- Vinny needs to increase his business revenue and stop borrowing money to overcome his financial struggles.
Shownotes Transcript