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The Ramsey Show Highlights

Can I Say Something Controversial?

The Ramsey Show Highlights

Ramsey Network

Self-improvement, Education, Investing, Business

4.6682 Ratings

🗓️ 7 July 2024

⏱️ 8 minutes

🧾️ Download transcript

Summary

💵 Sign up for EveryDollar today - Create a free Budget! Did you miss the latest Ramsey Show episode? Don’t worry—we’ve got you covered! Get all the highlights you missed plus some of the best moments from the show. Watch entertaining calls, Dave Rants, guest interviews, and more! Next Steps 📞 Have a question for the show? Call 888-825-5225 Weekdays from 2-5pm ET or click here! Listen to more from Ramsey Network 🎙️ The Ramsey Show   🧠 The Dr. John Delony Show 🍸 Smart Money Happy Hour 💡 The Rachel Cruze Show 💰 George Kamel 💼 The Ken Coleman Show 📈 EntreLeadership Learn more about your ad choices. https://www.megaphone.fm/adchoices Ramsey Solutions Privacy Policy Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Brought to you by the Every Dollar app. Start budgeting for free today.

0:06.4

Just a couple questions. Been listening to you guys for a few months. I like and agree with everything,

0:12.2

but I'm in a weird situation because I can't get past baby step six because I don't own a home.

0:19.4

We've been renting, my wife and I've been married for seven and a half years,

0:23.7

and we've been renting for seven and a half years.

0:27.0

We were kind of waiting for house prices to go down, and they never did.

0:30.6

So I ended up starting a business with my sister.

0:33.1

She lives in Iowa, and we bought like three condos with her that are rentals, and also bought a

0:40.6

place with her down in Yuma, Arizona.

0:42.9

They winter there.

0:44.4

And so I have four paid for income producing properties.

0:49.8

I have a couple hundred thousand dollars in the bank.

0:53.1

My wife and I both make a good income.

0:55.6

She makes around 100 grand.

0:57.1

I make around 100 grand.

0:58.6

I'm self-employed.

1:00.0

She has a 401k that she pays 6% and the company matches 6%.

1:05.9

So we're sitting in a good spot.

1:09.2

Here's my dilemma.

1:10.6

I want to continue to grow by rental properties.

1:14.0

I want to buy like a duplex, move into half of it, pay it off in a couple years or less,

1:20.8

and then buy our dream home.

...

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