Investing in a Bull Market vs. a Bear Market (Hour 2)
The Ramsey Show
Ramsey Network
4.5 • 38.5K Ratings
🗓️ 19 June 2023
⏱️ 40 minutes
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| 0:00.0 | How brave it is! |
| 0:12.9 | Thank you |
| 0:20.9 | Live from the headquarters of Ramsey Solutions, broadcasting from the pods moving and storage studios, it's the Ramsey show where we help people |
| 0:36.9 | Build wealth, do work that they really love and create actual amazing relationships |
| 0:46.4 | You got it, you got it, career, you got it, jobs, we talk about it, we're going to mess with every area of your life if it all possible |
| 0:57.9 | J. Warshall Ramsey personality is my co-host today, the phone number is 825-225 |
| 1:05.9 | Samuel in Seattle starts this hour, hi Samuel, how are you? |
| 1:09.9 | Hey Dave, I'm doing well, how are you? |
| 1:12.9 | Better than I deserve, what's up in your world? |
| 1:15.9 | I'm calling in to ask for some advice about lately me and my wife been talking about buying some property |
| 1:23.9 | We think it's the right time to do it, we just don't know, we're kind of nervous about making a purchase that big |
| 1:30.9 | So I want to know what you thought about making a purchase for land or maybe even a house on a piece of land that kind of in our price range |
| 1:42.9 | So are you out of debt? |
| 1:46.9 | So we only have one piece of debt and it's a fifth wheel that we're currently living in right now |
| 1:53.9 | We do travel for work so that is our residence and we owe about $46,000 on that |
| 1:59.9 | Okay, job 1s get that clear before you buy, you need to be debt-free |
| 2:04.9 | Even if you're living in it, it's going down in value and so it is consumer debt |
| 2:10.9 | Okay |
| 2:11.9 | And especially if you're living in it, it's going down in value, it's consumer debt |
| 2:15.9 | And so yeah, you need to get rid of that, what's your household income? |
| 2:19.9 | Right now it's about $100,000 |
| 2:22.9 | Good for you, okay, and that's your only debt, no student loans, no nothing else |
... |
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