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Live from the headquarters of Ramsey Solutions, broadcasting from the pods moving in storage

studio, it's the Ramsey Show, where that is done, Cashe's King, and the paid-off home mortgage

has taken the place of the BMW as the status symbol of choice.

We help people build wealth, do work that they love, and create actual amazing relationships.

Christina Allison, number one best-selling author and Ramsey personality is my co-host today, as we answer your questions.

The phone number is AAA8255255255. We're going to go to GT in Ronoke, Virginia to start this hour. Hi GT, how are you?

I'm alright, a little nervous and a little concerned after checking my credit statement the other day.

Okay, what's up? Well, I've got over $500,000 in debt, and I'm getting ready to sell a house,

so I just don't know what to do with the money and I'm worried I made a mistake.

Okay, $500,000 in debt on what?

$30,000 in truck, $35,000 on land at the lake, $135,000 on the house that we're getting ready to sell, and $350,000 on the house we just bought.

Okay, and what's your household income?

160 to 180 depending on over time.

Yeah, I would encourage you to separate out the debt when you're kind of looking at it, because that is overwhelming when you're having all of your, the 350's your primary mortgage, right?

Yes, it is, and we're moving into that one within the month.

Tell us a little bit about the house you're about to sell with a 135 that you mentioned. How much equity is in that house?

We've got it under contract for 260.

So what did you, you've already closed on the house, this 350 that you're main house, right? That's your old house, right?

No, $350 is the one that we closed on that we're moving into, the other one that's old house, yes.

How much did you put down?

We haven't closed it. It's $350,000.

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