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The Ramsey Show

Debt Will Keep You From Being Wealthy!

The Ramsey Show

Ramsey Network

Education, Investing, Business, Self-improvement

4.5 โ€ข 38.5K Ratings

๐Ÿ—“๏ธ 29 February 2024

โฑ๏ธ 117 minutes

๐Ÿงพ๏ธ Download transcript

Summary

๐Ÿ’ต Sign-up for EveryDollar today - The simplest way to budget for your life! Jade Warshaw & Dr. John Delony answer your questions and discuss: "My parents changed the agreement we made about paying off Parent Plus loans and I don't have the money to pay them - what should I do?" "I was just laid off and my due date is tomorrow - what should I do?" "Is paying off debt a precursor to marriage?" Why you have to own your money decisions instead of pointing fingers, How debt will keep you from becoming wealthy, "Am I gaming the system with my credit card rewards?" Support Our Sponsors: USCCA BetterHelp Zander Insurance Neighborly Next Steps ๐Ÿ“ž Have a question for the show? Call 888-825-5225 Weekdays from 2-5pm ET or click here! ๐Ÿฆ Take Your 3-Minute Money Assessment - Get a personalized money plan! ๐Ÿ’ผ Find the career you were born to do! โค๏ธ Money & Marriage Getaway is back! Listen to more from Ramsey Network ๐ŸŽ™๏ธ The Ramsey Show ๐Ÿง  The Dr. John Delony Show ๐Ÿธ Smart Money Happy Hour ๐Ÿ’ก The Rachel Cruze Show ๐Ÿ’ธ The Ramsey Show Highlights ๐Ÿ’ฐ George Kamel ๐Ÿ’ผ The Ken Coleman Show ๐Ÿ“ˆ EntreLeadership Learn more about your ad choices. https://www.megaphone.fm/adchoices Ramsey Solutions Privacy Policy

Transcript

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0:00.0

The Oh, Live from the headquarters of Ramsey Solutions, it's the Ramsey Show, where we help people build wealth,

0:35.3

do work that they love, and create amazing relationships.

0:39.7

I am Jade Warsaw.

0:40.6

I am joined by Dr. John Deloney and we are taking your calls. Yes, our powers

0:46.4

combined are taking your calls for the next three hours. The number is

0:49.5

8. 825. 225. Hit us up. We will do our best to give you our take on advice for your situation.

0:56.7

Some say the advice is worth what you pay for it. So give us a call. We're going to go straight to the phone lines where we've got

1:02.0

Hannah and Salt Lake City.

1:04.0

What's going on, Hannah?

1:05.0

Hi there, thank you so much for taking my call.

1:08.0

It's such an honor to be here and talk to you guys.

1:11.0

I feel the same.

1:12.0

How can we help? thanks um okay so to

1:14.5

preface my question which is a little backstory my dad recently passed away and he

1:19.6

left me in my thank you he left me in my three siblings his house we love this house it's our

1:26.1

childhood home and it is a in a really great area of the valley so ideally we'd

1:30.9

love to keep it in a family by having one of me or my siblings move in or by keeping it as a rental.

1:36.8

The only caveat is is there's still a $250,000 mortgage on the property.

1:41.4

So my question for you guys is there any way

1:44.4

for us siblings to successfully co-own the property or are we just kind of

1:48.9

romanticizing this idea of having a rental and keeping our childhood home.

1:53.2

Just what would you do if you were in my shoes?

...

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