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The Ramsey Show

Investing in a Bull Market vs. a Bear Market (Hour 2)

The Ramsey Show

Ramsey Network

Education, Investing, Business, Self-improvement

4.538.5K Ratings

🗓️ 19 June 2023

⏱️ 40 minutes

🧾️ Download transcript

Summary

Dave Ramsey & Jade Warshaw answer your questions and discuss: "Should we buy land right now?" "What's the difference between a bear and bull market?" "I took out a HELOC to flip a house and now I can't sell it", Dave walks through his first experience flipping houses. Support Our Sponsor: Zander Insurance Balance of Nature Neighborly Have a question for the show? Call 888-825-5225 Weekdays from 2-5pm ET Join a Personality-led FPU class. Click here! Want a plan for your money? Find out where to start: https://bit.ly/3cEP4n6 Listen to all The Ramsey Network podcasts: https://bit.ly/3GxiXm6 Interested in advertising on The Ramsey Show? https://ter.li/s64ye3 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

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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