My Mortgage Is 50% of My Income
The Ramsey Show Highlights
Ramsey Network
4.5 • 840 Ratings
🗓️ 5 February 2025
⏱️ 4 minutes
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| 0:00.0 | Brought to you by the Every Dollar app. Start budgeting for free today. |
| 0:06.5 | So here's what I'm asking. I'm going to be, I'm 50 years old basically with three children, |
| 0:13.9 | you know, all toddlers under the age of 10. And, you know, I'm tired of just the day-to-day rat race my job you know pays for our bills |
| 0:25.2 | but I don't ever have anything saved um my wife is a stay-at-home mother um taking care of the |
| 0:31.7 | kids and we homeschool okay it's very very important to us we're very religious when it comes to |
| 0:36.8 | that so that's a non-negotiable for getting a job. |
| 0:42.4 | But, you know, I own my home. |
| 0:45.9 | I have 300 grand in equity. |
| 0:48.0 | You know, I have been on the job a long time. |
| 0:52.5 | And I'm just, you know, I'm just staying above water. |
| 0:55.4 | Cost of living is just so expensive here in California. |
| 0:57.9 | You know, my monthly nut that I have to pay, part of my French, is, you know, $8,300 a month. |
| 1:06.0 | You know, my mortgage is $4,900. |
| 1:08.6 | I have, you know, one debt, which is my car payment. |
| 1:11.9 | You know, I owe like $17,000. |
| 1:13.6 | My wife's car is paid off. |
| 1:16.5 | You know, so I'm just... |
| 1:17.6 | Hey, Richard. |
| 1:19.0 | I just at the point... |
| 1:19.6 | Yeah, you're just running, running, and there's no traction. |
| 1:21.7 | You should move. |
| 1:25.0 | I want to move to another state. |
... |
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