My Fiance Borrowed $240K For An RV

The Ramsey Show Highlights

Ramsey Network

Self-improvement, Education, Investing, Business

4.6 • 682 Ratings

🗓️ 12 November 2024

⏱️ 9 minutes

🔗️ Recording | iTunes | RSS

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Summary

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Transcript

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0:00.0	Brought to you by the Every Dollar app. Start budgeting for free today.
0:06.7	How about a question from the Ramsey Network app, Jade? Yep, for one of those.
0:10.3	Sounds good. Let's do it.
0:11.6	All right. This is from Ann. She writes, I'm engaged and my fiancé just bought an RV.
0:17.4	Four, you're ready for this? Hard swallow. $240,000, but he's not sure how he's going to pay for operating it.
0:26.6	Yikes.
0:27.6	What?
0:28.6	I'm concerned that he may take a loan out.
0:31.6	So he'll not only have a monthly payment, but also all the expenses and upkeep that go along with owning an RV. My question is,
0:38.8	how do I proceed? Because we plan to get married next year and we disagree on money issues.
0:46.8	Yikes. Oh, wow. Yeah, that's a big red flag. Dude went and bought an RV. I don't think I
0:52.6	realized that RVs were this expensive.
0:54.5	Oh, man.
0:55.9	Yeah.
0:56.5	That's a house.
0:57.6	Oh, yeah.
0:58.1	On wheels, basically.
0:59.3	Okay.
0:59.7	Yeah, yeah.
0:59.9	Oh, but doesn't go up in value.
1:02.2	Right.
1:02.6	Dropping like a rock.
	...

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