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The Ramsey Show Highlights

I Made an Agreement To Buy a House With My Family

The Ramsey Show Highlights

Ramsey Network

Self-improvement, Education, Investing, Business

4.6682 Ratings

🗓️ 3 December 2023

⏱️ 8 minutes

🧾️ Download transcript

Summary

Today's episode features Rachel Cruze & Ken Coleman. 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. Hey, Damon. Welcome to the show.

0:08.8

Hi, how are you guys doing? We are doing great. How can we help? So, I've made a decision about two years

0:19.1

ago that haunts me up until today.

0:21.6

Okay.

0:22.6

Where me and my family, we were renting and we decided that we were going to purchase a house together.

0:30.6

And we all put like, maybe like 10,000 each to get like 50,000 to put get the house and the house was 420 and at a 2.8%.

0:44.8

So ever since we moved to the house, I haven't lived there because I was still going to school and I was still commuting, spending maybe up to

0:55.6

500 per month in gas. And we decided that we were going to, we made a verbal agreement that

1:07.2

we were going to continue to pay even though we don't live there anymore. And I realized how bad of a decision that was.

1:14.4

And I want to tell them that I can't continue to pay this anymore, but knowing how my family is,

1:21.4

I know Thanksgiving is not going to look the same for me if I tell them this and I don't know where to go and I

1:30.0

haven't been able to sleep. I just stay in space all day. Like, I don't know what to do.

1:36.5

Oh, my gosh. Okay. So who all, when you say your family, is this like your parents and siblings?

1:41.3

Or who does this? What makes up this? Parents and siblings. Parents and siblings. Is someone does this, what makes up this?

1:45.4

Parents and siblings.

1:46.7

Parents and siblings.

1:50.0

Is someone renting this house right now since you all aren't living in it?

1:57.7

We all are living in it, but we all put together to contribute to the mortgage and the bills.

2:03.3

But in the past year, I haven't lived there and I've been paying religiously non-stop every month towards the bills, 600 and another 100 towards like

2:12.9

utilities, but 600 towards a mortgage. And so you're renting somewhere else?

2:19.3

I'm living with a friend because it's closer to my job.

2:23.3

Okay.

...

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