Don’t Take Financial Advice From Your Broke Friends!

The Ramsey Show

Ramsey Network

Education, Investing, Business, Self-improvement

4.5 • 38.5K Ratings

🗓️ 5 September 2023

⏱️ 115 minutes

🔗️ Recording | iTunes | RSS

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Summary

Dave Ramsey & Jade Warshaw answer your questions and discuss: Balancing saving for retirement and kids college, "Should we keep or sell our rental property?" "How do we get back on track with the plan?" "Should we sell our house to pay off $299K of debt?" "My stepson won't pay for his daughter's education," "Should we replace our HELOC with a fixed-rate loan?" read more: HELOC: What Is a Home Equity Line of Credit? "Does it make sense to use our savings to invest or buy a house?" "Help, I have $311k in student loan debt..." Check out the Ramsey Student Loan Hub for tips, tools, and the fastest way to pay off your student loans, "How do we plan to buy land and build a house?" "Should we get earthquake insurance?" Have a question for the show? Call 888-825-5225 Weekdays from 2-5pm ET Support Our Sponsors: Churchill Mortgage Zander Insurance Christian Healthcare Ministries Balance of Nature Neighborly EveryDollar, budget for the life you want today for free: Click Here Want a plan for your money? Find out where to start: Click Here Listen to all The Ramsey Network podcasts: Click Here Interested in advertising on The Ramsey Show? Click Here Learn more about your ad choices. https://www.megaphone.fm/adchoices Ramsey Solutions Privacy Policy

Transcript

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0:00.0	Music
0:04.0	Music
0:12.0	Music
0:27.0	Live from the headquarters of Ramsey Solutions, it's the Ramsey Show, where we help people.
0:34.0	Build wealth, do work, that they love, and create actual, amazing relationships.
0:41.0	J. Washall Ramsey Personality is my co-host today, as we answer your questions for free.
0:47.0	In some say, the advice is worth what you pay for it.
0:50.0	So, join us, the phone number, AAA8255225, we're glad you're here. Thanks for joining us.
0:58.0	Kristen is with us in Pittsburgh to start off this hour.
1:01.0	Hi, Kristen, how are you?
1:03.0	I'm great today, how are you?
1:05.0	Better than I deserve, what's up?
1:08.0	Well, I'm calling because my husband and I are both 55 years old.
1:13.0	We have a good income, primarily mine, we make over $300,000 a year, and we have for about the past 10 years.
1:24.0	And successfully paid off our student loans in a 10-year period of $125,000, only owe about $35,000 on our $400,000 home mortgage.
1:37.0	Wow.
1:38.0	We have no revolving credit or debt.
1:41.0	We don't drive cars that we have car payments on, we pay for those and cash.
1:46.0	We don't have any kind of debt in that way.
1:49.0	Good for you.
1:50.0	Our problem is that we don't have a nest egg, we're not saving.
1:54.0	And so, looking down the road, I want to be able to retire at some point.
	...

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