Can You Afford a Home in 2023?

The Ramsey Show Highlights

Ramsey Network

Self-improvement, Education, Investing, Business

4.6 • 682 Ratings

🗓️ 26 January 2023

⏱️ 8 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

The Ramsey Call of the Day is a quick, daily dose of advice on life and money in under ten minutes. Hear from experts like Dave Ramsey, Ken Coleman, Rachel Cruze, Dr. John Delony, George Kamel, Kristina Ellis, & Jade Warshaw. Part of the Ramsey Network. Delivered to you five days a week. 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

Click on a timestamp to play from that location

0:00.0	This is the Ramsey Call of the Day, part of the Ramsey Network.
0:11.0	Maria in Orange County is up next.
0:14.1	Hey, Maria, welcome to the show.
0:16.2	Hi, thank you for having me on.
0:18.2	Absolutely.
0:19.0	How can we help?
0:20.2	So I wanted to ask if it would be a good idea for my husband and I to start house shopping this year.
0:26.4	All right.
0:26.9	We are 22 and 23 years old, and together we meet 100,000 a year before taxes.
0:34.5	Okay.
0:35.9	Do you have any debt?
0:40.9	We have no debt, and we have 45,000 of babies. Okay. Do you have any debt? We have no debt and we have 45,000 of savings.
0:49.1	Ooh, very nice. Very good. You said 45,000 in savings? Yes. That's good. Okay.
0:54.3	Yeah, so you're newly married or how long are you married? Yes, we got married last December, so you're newly married or how long are you married?
0:59.4	Yes, we got married last December, so we're one year in.
1:00.1	One year in.
1:02.2	Okay, you know, this is good.
1:03.9	This is starting to look good.
1:08.1	So, you know, the way we teach it, you've walked up the baby steps, you're no debt.
1:10.3	It looks like you've got the 45,000.
1:11.7	Would you call that like six months of expenses or between three to six months of expenses yes okay great so you're in prime time to start
1:18.1	saving for your house which we would call baby step 3b so I don't want you to take the 45k and use
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from Ramsey Network, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Ramsey Network and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.