My Advisor Says I Shouldn’t Pay Cash for a House
The Ramsey Show Highlights
Ramsey Network
4.5 • 839 Ratings
🗓️ 12 April 2024
⏱️ 8 minutes
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| 0:00.0 | brought to you by the every dollar app start budgeting for free today hey debby welcome to the show |
| 0:07.9 | thank you so much first i'd like to say thank you for all the education you guys have given me over |
| 0:14.4 | the last few months it's been very helpful in my journey i'm so glad thank So here's my story. I got divorced about four years ago |
| 0:25.5 | separated for it took to about four years to get divorced. I was married for almost 25. |
| 0:31.3 | Oh man. So I've been navigating my life for the last couple of years trying to figure out what |
| 0:36.5 | works for me. I was fortunate enough |
| 0:39.5 | to get a nice alimony through my divorce. And I had, my ex-husband had to give me a vacation |
| 0:46.4 | home of ours that I sold for twice as much as what we valued it for. Oh, wow. I have |
| 0:52.5 | $1.6 million in the bank. Okay. And I'm looking to build a house. |
| 0:59.8 | And my financial advisor is telling me I shouldn't pay cash for my house. And I am just, like, |
| 1:07.9 | it's stressful for me. I don't know what the right thing is to do. And, um, |
| 1:13.3 | is he giving you a reason? Is he giving you a reason? What's his reason for that? |
| 1:18.4 | He says it just doesn't make sense to take 37% of my money to build a house. Like that, |
| 1:24.0 | that it just doesn't make financial sense. |
| 1:32.6 | And I haven't, you know, when I, when I was married, you know, my ex-husband took care of all of our finances. So this is so new to me. And I, and I listen to your show a lot and I hear |
| 1:38.5 | all the different things, you know, that, that you guys say about what they claim if the interest |
| 1:43.9 | rates are lower, you're getting |
| 1:45.4 | more for your money if it's invested. |
| 1:47.3 | And again, I get super confused. |
| 1:49.8 | And so I just don't know. |
| 1:52.5 | You know, I'm 50. |
| 1:53.4 | I'll be 60 in two months. |
... |
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