Dave Walks Through His Own Real Estate Mistakes

The Ramsey Show Highlights

Ramsey Network

Self-improvement, Education, Investing, Business

4.6 • 682 Ratings

🗓️ 10 July 2023

⏱️ 10 minutes

🔗️ Recording | iTunes | RSS

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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 & 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

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0:00.0	This is the Ramsey Call of the Day, part of the Ramsey Network.
0:11.0	John's in Atlantic City.
0:12.4	Hi, John.
0:13.0	Welcome to the Ramsey Show.
0:14.7	Hey, Dave.
0:15.3	How are you?
0:16.1	How are you to talk to you guys?
0:17.4	Good to talk to you.
0:18.4	How can we help?
0:19.6	All right.
0:20.1	So I've been listening to you for the past
0:21.7	months or so, and before that, I was buying real estate, but I think you would disagree. I'm just going to lay out what I have.
0:31.2	I have 52K in the money market, $8,000 in checking.
0:45.9	And I have a credit card debt of $9,000 and a car loan of $21,000.
0:50.0	My wife, her only debt is her car.
0:58.3	And we have a house that we owe $26 on and my three rental properties I have.
1:03.8	I owe 125 on, 126, and 110, but they're all rented out.
1:08.0	So I was going to buy another piece of real estate, but what do you think?
1:11.5	I think you should take all that money in that money market and knock out all of your debt and leave you with a nice emergency fund and slow down
1:16.1	on all this real estate investing. Until you can get some of it paid off. What's her car debt?
1:21.9	Her car debt, she's going to be paid off in four months. I'm not sure exactly the number.
1:27.5	You don't know what the balance is? No, no, I just know if she's going to be paid off in four months. I'm not sure exactly the number. You don't know what the balance is?
	...

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