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The Ramsey Show Highlights

My Husband Wants To Sell Our House and Live In A Trailer

The Ramsey Show Highlights

Ramsey Network

Business, Education, Investing, Self-improvement

4.5839 Ratings

🗓️ 14 November 2024

⏱️ 8 minutes

🧾️ Download transcript

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.

0:06.6

So my husband and I were having a conversation about our finances, and he thinks that we have too much house, basically, and thinks that even though we don't have any debt, we should sell our house, use the profit,

0:22.2

and buy something really cheap. And he was thinking really cheap, like a $3,000 trailer he saw

0:28.5

on Facebook Marketplace so that we can just live mortgage-free. I don't really want to do that

0:34.8

and wanted to get some... Is your husband nearby?

0:39.6

No, he's not right now.

0:41.0

I was going to put him on the phone for a moment, and as a man who's been married 26 years in counting,

0:46.4

tell him that he's lost his ever-loving mind.

0:49.7

What happened that made him go, we live in extravagance,

0:52.2

do we need to go camping for a while to fix this?

0:54.9

That's a big jump.

0:57.0

Yeah, I mean, so right now we're at a pretty good place where we're bringing, I think, bringing in $7,000 a month take home together.

1:07.3

And what's your mortgage payment?

1:09.3

Our mortgage is $1,500 a month.

1:11.3

We have $220,000 left on the unpaid principal.

1:16.2

So you don't have too much house.

1:17.5

Are you saying square footage-wise?

1:18.9

You just have too much room because the payment is not the issue.

1:22.7

No.

1:23.5

It's a $1,400 square foot house.

1:26.1

It's not extravagant.

1:27.5

Is he scared of something?

...

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