How Big of a House Should I Buy?

Ramsey Everyday Millionaires

Ramsey Network

Investing, Careers, Business

4.6 • 3.6K Ratings

🗓️ 21 January 2022

⏱️ 4 minutes

🔗️ Recording | iTunes | RSS

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Summary

Listen to how ordinary people built extraordinary wealth - and how you can too. You’ll learn how millionaires live on less than they make, avoid debt, invest, are disciplined and responsible! Featuring hosts from the Ramsey Network: Dave Ramsey, Ken Coleman, Christy Wright, Rachel Cruze, John Delony, and George Kamel.

Transcript

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0:00.0	You're listening to Ramsey everyday millionaires where we talk retirement, building wealth,
0:10.5	and outrageous generosity.
0:13.8	Joe's with us in the Lansing, Michigan.
0:15.8	Hey Joe, how are you?
0:17.6	I'm awesome.
0:18.6	How are you doing today, Dave?
0:20.7	Just the same, better than I deserve.
0:22.3	How can I help?
0:25.0	My wife and I are looking at moving up in house.
0:28.0	Our current house is paid for, we'd be paying cash for moving up.
0:32.6	And I'm trying to figure out how big of a move, I guess at what point does it become stupid?
0:39.2	Ha ha ha.
0:41.2	Okay.
0:42.2	So what's the current house worth?
0:45.9	About 250.
0:47.8	And what is the house you're talking about moving into that's questionable on stupid price
0:53.6	wise?
0:54.6	Maybe between five and seven hundred.
0:57.6	And you've got that much cash, how much total cash do you have?
1:01.5	So we have a net worth of about 800,000, 250 of it in our house, about the hundred between
1:09.4	a little rental and our checking account, and then about 250 and a brokerage and the rest
1:14.2	in retail.
	...

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