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The Ramsey Show Highlights

I'm $600k in Debt, Should I Be Investing?

The Ramsey Show Highlights

Ramsey Network

Investing, Education, Business, Self-improvement

4.5838 Ratings

🗓️ 18 May 2026

⏱️ 9 minutes

🧾️ Download transcript

Summary

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Transcript

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0:00.0

Brought to you by the Every Dollar app. Start budgeting for free today. So I've got to feel like I'm in a

0:08.4

position to start investing, but on paper it doesn't feel like it as well. So I've got a income about

0:13.9

156 to 200,000 years self-employed. My wife's a stay-at-home mom, got two kids, one on the way.

0:22.6

Our primary home,

0:30.2

and I have a rental property as well. So rental property is worth about $425,000. The primary home is worth about $330,000. And the mortgages are $304,000 at 2.75% and 208,000 at 6.5%.

0:41.8

And then I have about $54,000 in debt to my parents, although I will caveat, I've got a great

0:48.6

relationship with my parents. If anything would ever happen, I'm confident they would just

0:52.8

say either pause payments or they just forgive it.

0:56.7

Anyway, rental property, it's cash flowing.

1:00.7

My rent is, I charge $2,500 a month, and my cost of the month is $2,000.

1:07.5

So I've got about $80,000 to $85,000 in cash.

1:11.2

It's in the bank. So I'm trying to figure out, I feel like I should be putting money. Oh, sorry, in a Roth IRA, it's got about $100,000 in it. So I'm trying to figure out, I feel like I should be investing more, but yeah. You got a lot going on, Eric. My gosh. Okay. So let's, okay, first off. give you the quick version no it's great no we needed all those numbers my my question is is your

1:30.5

rental property worth more than your primary home? Yeah, yeah. So I bought a bachelor pad before I got married. I got married and I had a kid and it was not a good fit for a house. So, yes, my rental property was my own house a while ago.

1:46.0

Okay.

1:46.4

And then how much do you owe on it?

1:49.3

How much is left on the mortgage?

1:52.4

$304,000.

1:54.0

304.

1:54.6

Okay.

1:55.4

And how much is on your primary home?

1:57.3

How much is it worth?

1:58.0

Or how much do you owe?

...

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