Hot Water Heater Busted & My Emergency Fund Won’t Cover It (Hour 2)

The Ramsey Show

Ramsey Network

Education, Investing, Business, Self-improvement

4.5 • 38.5K Ratings

🗓️ 7 February 2023

⏱️ 40 minutes

🔗️ Recording | iTunes | RSS

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Summary

Dave Ramsey & Dr. John Delony answer your questions and discuss: "My hot water heater busted and my emergency fund won't cover it." from the blog: How to Keep 3 Common Home Repairs From Busting Your Budget "I'm having a hard time getting my wife on board with cutting up our credit cards", Using an inheritance to pay off a house, Investing more in the market while it's down. Have a question for the show? Call 888-825-5225 Weekdays from 2-5pm ET Want a plan for your money? Find out where to start: https://bit.ly/3nInETX Listen to all The Ramsey Network podcasts: https://bit.ly/3GxiXm6 Learn more about your ad choices. https://www.megaphone.fm/adchoices Ramsey Solutions Privacy Policy

Transcript

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0:00.0	Here we go.
0:08.8	Okay, so
0:26.7	banget.
0:26.2	Live from the headquarters of Ramsay Solutions, broadcasting from the pods moving in storage
0:32.6	and studios.
0:33.6	It's the Ramsay Show, where we help people.
0:38.0	Build wealth, do work that they love.
0:41.2	And create actual, amazing relationships.
0:44.0	Dr. John Deloney, number one best selling off at Ramsay Personality and host of the Dr.
0:48.4	John Deloney Show is my co-host today.
0:51.6	I'm John Fones and Triple 8-825-525.
0:56.3	Elizabeth starts us off in New Jersey this hour.
0:59.4	Hi, Elizabeth.
1:00.4	Welcome to the Ramsay Show.
1:02.4	Thank you, Mr. Ramsay, for having me.
1:05.1	I have a question.
1:06.1	I am currently in a situation where I need to replace a hot water heater.
1:10.1	I have a thousand dollars saved in my emergency fund and I'm on baby step two.
1:15.5	And I know you advise people not to take advantage of credit, but I'm going to step situations
1:20.6	where I don't have the financial resources to purchase a new one without maybe utilizing
1:27.6	one of the finance options that my local provider.
1:31.7	How much is the hot water heater?
	...

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