Don’t Screw Up Your Life With an AirBNB (Hour 2)

The Ramsey Show

Ramsey Network

Education, Investing, Business, Self-improvement

4.5 • 38.5K Ratings

🗓️ 27 July 2023

⏱️ 40 minutes

🔗️ Recording | iTunes | RSS

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Summary

Dave Ramsey & Ken Coleman answer your questions and discuss: "I have $179K in ParentPLUS loans," "How much should we spend on a house?" "Should we get into AirBNBs at our age?" from the blog: How to Make Extra Money Using Airbnb, The Babylon Bee joins to talk about the value of making fun of yourself, "I can't get caught up on my bills" Support Our Sponsor: NetSuite PODS Moving & Storage Neighborly Have a question for the show? Call 888-825-5225 Weekdays from 2-5pm ET Here's an EveryDollar deal just for our listeners: get a 14-day free trial PLUS $15 off your first year of premium. Click the link below and start budgeting today! www.everydollar.com/TRS Want a plan for your money? Find out where to start: https://bit.ly/3cEP4n6 Listen to all The Ramsey Network podcasts: https://bit.ly/3GxiXm6 Interested in advertising on The Ramsey Show? https://ter.li/s64ye3 Ramsey Solutions Privacy Policy

Transcript

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0:00.0	Music
0:27.0	Live from the headquarters of Ramsey Solutions, broadcasting from the pods, moving
0:32.2	in storage studios, it's the Ramsey show where we help people build wealth, do work, that they love, and create actual, amazing relationships.
0:45.0	Ken Coleman, Ramsey Personality, number one bestselling author of the book, A Check to Purpose.
0:51.0	Our Ramsey career expert, host of the Ken Coleman show, is my co-host today.
0:57.0	Open phones at AAA8255225, that's AAA8255225.
1:05.0	Julie is in San Francisco.
1:07.0	Hi Julie, welcome to the Ramsey show.
1:09.0	Hi, thank you for taking my call.
1:12.0	Sure, what's up?
1:13.0	Okay, so I bought a home in February of 2022 in Nevada, and I'm actually renting it right now and it's making double my mortgage payment, which is great.
1:25.0	But I also have parent plus loan, that total 178,000.
1:31.0	My daughter graduated in 2021, she's doing well, but she's getting her master's now, which is totally under her name.
1:37.0	But I've got these parent plus loans in my name.
1:40.0	How's she paying for her master's?
1:42.0	Yeah, she is.
1:44.0	Oh, she's paying for that.
1:46.0	She's been for the master's, but I've got the undergrad loans.
1:49.0	And then of course, she's got her own student loans within the undergrad program.
1:53.0	So your question is, do you sell your rental property to clear 178,000 out of debt?
1:58.0	Yeah.
1:59.0	Yeah.
	...

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