Is Real Estate Taking Up Too Much of My Net Worth?

Ramsey Everyday Millionaires

Ramsey Network

Careers, Investing, Business

4.6 • 3.6K Ratings

🗓️ 3 October 2025

⏱️ 6 minutes

🔗️ Recording | iTunes | RSS

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Summary

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Transcript

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0:00.0	This episode is brought to you by SmartVester.
0:08.0	Connect with an investing pro near you at Ramsey Solutions.com slash SmartVester.
0:13.9	John is in Arizona.
0:15.2	Hey, John. How are you?
0:16.6	Hey, John. Sorry, Dr. John and Dave.
0:19.2	Oh, you can call me, John. That's what my mama calls me. That's perfect. What's up? Perfect. Thanks for taking some time. Hey, so we just, our family, we just finished building a home. We moved in last month. During the construction, we were able to cash for a good amount. And the remaining mortgage is $600,000. We're still working to sell our old home
0:39.3	which it's paid for. We should be getting around $500,000 from that sale. We have about $880,000
0:47.0	between investments and retirement and $100,000 in cash that has our emergency fund and some
0:54.0	earmarked funds to landscape our new home. The question is with the $500,000,000,000 in cash that has our emergency fund and some intermarked funds to landscape our new home.
0:56.7	The question is with the $500,000 from the sale of the old home.
0:59.6	I'm kind of wrestling with not wanting my network to be so top-heavy with home equity versus investments,
1:06.5	which is what it would be if I put it all towards that mortgage.
1:09.6	Just want to get your advice.
1:11.4	What's your household income?
1:13.8	It's right around between 300 and 400 depending on the year.
1:17.4	Okay, good.
1:18.5	Way to go.
1:19.2	And what's your, what's the new home worth?
1:22.3	Totally.
1:22.7	We cash flow at about a million, so it would be about 1.6.
1:26.1	Okay.
1:27.0	All right.
	...

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