Bankruptcy felt like an escape to a couple earning about $200,000 a year after their debt climbed to roughly $555,000. Regina, a caller from San Antonio, said the pressure had become overwhelming. "What do you do when you can't pay the minimums?" she asked host George Kamel on "The Ramsey Show." She said the couple was overwhelmed by creditor calls and unsure whether to keep answering them, try negotiating payments, or allow accounts to fall behind. Don't Miss: The AI Marketing Platform Backed by Insid ...

A father of 4-year-old triplets told "The Ramsey Show" that repeated overdrafts left his $3,600 monthly take-home pay stretched too thin to cover basic needs. Travis, calling from Toledo, Ohio, said his bank account goes negative almost every week. He supports a family of five on one income while attending trade school at night, and said grocery spending is what most often pushes his balance into overdraft. When the discussion turned to which bills should be paid first when money is limited, personal fi ...

Group 1 - The core issue revolves around financial tensions in a long-term relationship, where one partner is focused on budgeting and debt reduction while the other is more spontaneous with money [2][3]. - The couple has accumulated approximately $60,000 in debt and earns around $10,000 monthly combined, highlighting the financial strain they are under [1]. - The lack of a shared legal or financial structure due to their unmarried status complicates their financial discussions, leading to repeated arguments [3][4]. Group 2 - The financial dynamic is characterized by separate legal responsibilities and income, which means that lenders and creditors view them as individuals rather than a unified entity [4][5]. - The relationship has lasted eight years without a clear decision on moving forward, which Ramsey suggests is essential for financial and relational prosperity [6]. - Premarital counseling is recommended to address differing financial styles and to establish a common direction and expectations if marriage is intended [7].

If you’re pulling in six figures and still feel like you’re drowning in bills, you’re not alone. One caller to The Ramsey Show makes $126,000 a year and still thought bankruptcy might be his only way out. But as hosts George Kamel and Jade Warshaw asked more questions, the real issue came into focus: Peter from Philadelphia didn’t actually know how much he owed, had no budget and had little idea where his money was going. Must Read After reviewing his accounts, he realized the balance wasn’t $25,000. ...

Key Points Its ships are full, and it launched two more this year to address the high demand. The cruise line's debt remains a concern, but interest expenses have fallen sharply. Moreover, bookings remain strong -- running at a higher rate than at this time last year. 10 stocks we like better than Royal Caribbean Cruises › Royal Caribbean Cruises (NYSE: RCL) has managed to stand out despite being the second-largest cruise line by passenger volume. Despite lagging behind Carnival in market share, ...

fadfebrian / Shutterstock.com Quick Read Ramsey warns against retiring with debt because monthly payments reduce retirement savings and require higher income during retirement. Social Security replaces only 40% of pre-retirement income. Retirees need personal savings to supplement benefits and maintain their standard of living. If you avoid common mistakes like over-relying on Social Security and going into retirement with debt, you can enjoy more security in your later years. If you’re thinking a ...

Key Points New Fortress Energy extended its creditor forbearance period through January 9th. This follows the final approval of its renegotiated Puerto Rican contract. Despite these developments, the company faces significant debt challenges and investors could be wiped out. 10 stocks we like better than New Fortress Energy › Shares of New Fortress Energy (NASDAQ: NFE) are soaring on Wednesday, up 11.1% as of 2:10 p.m. ET. The jump comes as the S&P 500 and Nasdaq Composite fell 1% and 1.5%, respe ...

Speaking at the Times Network "We've brought down debt-to-GDP from over 60% post-Covid; it's declining, and debt reduction will be the core focus next financial year," Sitharaman said.The Centre expects general government debt to fall to 56.1% of GDP in this financial year.Calling for greater accountability and transparency in state finances, Sitharaman said that the Centre has consistently reduced debt levels and that states must follow suit.Live Events"Unless the debt-to-GSDP (gross state domestic produc ...

Core Insights - Singapore REITs are facing high borrowing costs but are expected to benefit from a recent interest rate cut by the US Federal Reserve, which may enhance growth prospects for well-managed REITs in 2026 [1][12] - Key factors for recovery include safety, quality, and steady cash flows, with some REITs positioned better than others to capitalize on these trends [1][12] Group 1: CapitaLand Integrated Commercial Trust (CICT) - CICT is Singapore's largest REIT with a portfolio valued at approximately S$26 billion, featuring high-end shopping malls and office buildings [3] - The REIT is expected to see a rise in distribution per unit (DPU) in 2026 due to the full-year contribution from the CapitaSpring acquisition and strong operating metrics, including a 97.2% occupancy rate as of Q3 2025 [4][5] - CICT maintains a leverage ratio of 39.2% and an interest coverage ratio of 3.5x, indicating effective debt management [4] Group 2: Frasers Centrepoint Trust (FCT) - FCT focuses on suburban retail malls, benefiting from essential spending and strong shopper footfall, with notable properties including NEX and Waterway Point [6] - The REIT is well-positioned for DPU growth in 2026, supported by increasing shopper traffic and a rental reversion rate of 7.8% for FY2025 [7] - FCT has a gearing ratio of 39.6% and 83.4% of its debts at fixed interest rates, which will help mitigate interest expenses following the recent rate cut [8] Group 3: Parkway Life REIT - Parkway Life REIT operates in the healthcare sector with a portfolio that includes hospitals in Singapore and nursing homes in Japan and France, featuring long-term master leases with annual rental increases of at least 1% [9] - The REIT is projected to increase its DPU by 27.6% year-on-year as it reaches Year 4 of its master lease agreement [10] - Parkway Life REIT has a low gearing ratio of 36% and a strong interest coverage ratio of 8.9 times, positioning it well for potential acquisitions [10]

Core Insights - The episode of "The Ramsey Show" highlighted a caller's financial struggles, revealing a significant debt burden and the impact of personal fears on financial decision-making [1][4]. Debt Overview - The caller, Brett, and his wife have accumulated nearly $250,000 in debt, primarily from a mortgage and student loans, each amounting to approximately $108,000 [2]. - Additional debts include credit card balances, a mower loan for Brett's lawn care business, and a trailer they are attempting to sell [2]. Income and Business Challenges - Brett's wife has a steady income of $60,000, while Brett earns between $25,000 and $30,000 annually from his seasonal lawn care business, which has faced staffing issues [3]. - Dave Ramsey criticized the performance of Brett's business, indicating that it is not generating sufficient income and urged immediate action to improve the situation [4]. Psychological Factors - Brett's fear of homelessness is rooted in childhood trauma, which Ramsey acknowledged but advised against allowing it to dictate financial choices [4]. - Ramsey emphasized that Brett's financial anxiety is likely driven by irrational fears rather than factual circumstances, noting their combined income of nearly $100,000 and manageable mortgage debt [5].