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Woman blames Trump for $230K business debt. Ramsey Show hosts tell her to 'batten down the hatches' and get a new job
Yahoo Finance· 2026-01-20 18:22
Core Insights - Ashley's consulting firm is facing significant financial challenges due to President Trump's policies, which have led to over $230,000 in debt [1][2]. Group 1: Business Overview - Ashley's consulting firm connects various organizations with charities to repurpose furniture and fixed assets, generating $2.5 million in gross revenue last year [2]. - The firm has been adversely affected by Trump's tariffs and cuts to Diversity, Equity, and Inclusion (DEI) initiatives, as well as funding reductions for universities and public schools [2]. Group 2: Financial Challenges - The sources of Ashley's $230,000 debt include $90,000 in leases for two business vans, $80,000 in credit card debt, and $60,000 owed to a vendor, along with ongoing commitments for office lease and insurance [4]. - The financial strain intensified after Ashley had to lay off all employees, leading to significant payouts for medical expenses, insurance, and vacation time, which depleted available funds [4]. Group 3: Future Outlook - Ashley has secured some contracts for the upcoming spring but is uncertain about her ability to sustain the business until then [3]. - Suggestions were made for Ashley and her husband to consider full-time employment to alleviate financial pressure while waiting for contract fulfillment [5].