How Do I Tell Mom To Get Out of My Business?

The Ramsey Show Highlights

Ramsey Network

Self-improvement, Education, Investing, Business

4.6 • 682 Ratings

🗓️ 30 September 2023

⏱️ 9 minutes

🔗️ Recording | iTunes | RSS

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Summary

Today's episode features Rachel Cruze & Dr. John Delony. The Ramsey Show Highlights is a quick, daily dose of advice on life and money in under ten minutes. Hear from experts like Dave Ramsey, Ken Coleman, Rachel Cruze, Dr. John Delony, George Kamel & Jade Warshaw. Part of the Ramsey Network. Delivered to you seven days a week. Budget for free with EveryDollar: Click Here Learn more about your ad choices. https://www.megaphone.fm/adchoices Ramsey Solutions Privacy Policy Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Brought to you by the Every Dollar app. Start budgeting for free today.
0:06.0	Okay. Next, we have Jody in Milwaukee. Hey, Jody. Welcome to the show.
0:11.6	Hi, how are you? Hi, we're doing great. Thanks for giving us a call. How can we help?
0:16.9	Hi, so I currently own a condo with my mother. Oh, no.
0:21.6	Oh, no.
0:22.6	I don't even know what you're about to say, but oh no.
0:26.6	Yes.
0:28.6	So I want to get it in my name within the next year.
0:32.6	And my grandfather wants to give me $15,000.
0:38.8	But my mom said I have to spend 100% of the $15,000 renovating the condo,
0:44.5	which I don't think it should be spent that much because I purchased a condo.
0:49.1	We purchased condo under market value, but only $8,000 under market value.
0:57.2	So I feel like to spend $15,000 in renovations. I don't even know if it would resell for that much. Yeah. How much does you spend on the condo?
1:05.5	So it's a one barren condo. We spent $,000, and they're selling for like 72.
1:12.4	Okay.
1:13.2	And you're with your, and you, that you took out a mortgage.
1:16.4	Is it just your name on the mortgage?
1:18.9	No, it's both of our names.
1:20.0	Both names.
1:20.6	Whose names are on the deed?
1:23.6	My mother's.
1:25.3	Your mom's, okay.
	...

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