How About You Actually Do Something About Your Finances This Year?

The Ramsey Show

Ramsey Network

Education, Investing, Business, Self-improvement

4.5 • 38.5K Ratings

🗓️ 4 October 2024

⏱️ 82 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

▶️ Watch Dave interview Donald Trump today! 📱For more content that keeps you motivated, download the Ramsey Network app. George Kamel & Rachel Cruze answer your questions and discuss: "Can we cash out taxable investments to buy a house?" "How do we get out of a motorcycle loan?" "How do I keep myself from spending foolishly?" "How do I become a $100 millionaire by 30?" Support Our Sponsors: 🌱 Get 10% off your first month of BetterHelp 🏥 Learn more about Christian Healthcare Ministries 🏡 Get started today with Churchill Mortgage 🏦 Go to FAIRWINDS Credit Union for an exclusive account bundle! 💤 Visit Helix Sleep for special offers! 💻 Visit NetSuite today to learn more 🗂️ Use promo code RAMSEY for18% off at The Nokbox 🏛Get started with YRefy or call 844-2-RAMSEY 🔐 Visit Zander Insurance for your free instant quote today! Next Steps 📞 Have a question for the show? Call 888-825-5225 Weekdays from 2-5pm ET or click here! 🏠 Find a Trusted Real Estate Agent ☂️ Protect yourself with the right coverage—take our coverage quiz! 💵 Start your free budget today. Download the EveryDollar app! 🚢 The Live Like No One Else Cruise is booking fast! Listen to more from Ramsey Network 🎙️ The Ramsey Show 🧠 The Dr. John Delony Show 🍸 Smart Money Happy Hour 💡 The Rachel Cruze Show 💸 The Ramsey Show Highlights 💰 George Kamel 💼 The Ken Coleman Show 📈 EntreLeadership Learn more about your ad choices. https://www.megaphone.fm/adchoices Ramsey Solutions Privacy Policy

Transcript

Click on a timestamp to play from that location

0:00.0	You're going to go. From Ramsey Network, this is the Ramsey Show, where we help people build wealth, do work that they love, and create amazing relationships.
0:23.2	I'm George Campbell joined by my good friend Rachel Cruz and it's open phones this hour
0:27.8	at AAA-2-5-225.
0:31.2	Help us help you take the right next step for your money and your life.
0:36.4	Isaac is going to kick us off in one of Rachel's favorite towns. Knoxville, Tennessee.
0:41.3	Home of the Vols. What's up, Isaac?
0:43.0	Go Valls, Isaac.
0:45.0	Absolutely, go Valls.
0:46.0	Good to talk to y'all, pleasure.
0:47.0	What's going on?
0:48.0	Yeah, so I'll start with the question, then get some info on.
0:52.0	My question is, should I liquidate some of my taxable
0:55.0	investments to provide a larger down payment for a house? And if so, how much? So I'll start
1:01.2	with some info. We're on the equivalent of baby step 3B. We've got the emergency funds, no debt.
1:06.2	We live in a house. We're renting a house for about $500 a month and it would not be super yeah, it's it's quite a blessing where a
1:14.3	stand in my in-law's house so great relationship there thank you and explains it
1:18.8	wonderful yeah yeah definitely so it would be not ideal to raise a child here. So we'd like to get into a home before we start down that path.
1:29.0	But we are not sure if we should use my wife's perspective income she's not working right now
1:35.0	she's looking for a job not sure if we should use her future salary to account for the
1:41.1	25% take-home pay recommended for a monthly mortgage.
1:45.0	So we've got 55,000 in liquid cash between a high yield or a treasury and an additional
1:50.9	115 in those non-tax advantage investment accounts.
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from Ramsey Network, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Ramsey Network and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.