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The Ramsey Show Highlights

My Mortgage Is 50% of My Income

The Ramsey Show Highlights

Ramsey Network

Self-improvement, Education, Business, Investing

4.5840 Ratings

🗓️ 5 February 2025

⏱️ 4 minutes

🧾️ Download transcript

Summary

📈 Are you on track with the Baby Steps? Get a Free Personalized Plan Did you miss the latest Ramsey Show episode? Don’t worry—we’ve got you covered! Get all the highlights you missed plus some of the best moments from the show. Watch entertaining calls, Dave Rants, guest interviews, and more! Next Steps 💵 Start your free budget today. Download the EveryDollar app! 🏘️ Free Tools & Resources to Reach Your Home Goals - https://ter.li/yib9sw 📞 Have a question for the show? Call 888-825-5225 Weekdays from 2-5pm ET or click here! Listen to more from Ramsey Network 🎙️ The Ramsey Show  🧠 The Dr. John Delony Show 🍸 Smart Money Happy Hour 💡 The Rachel Cruze Show 💰 George Kamel 🪑 Front Row Seat with Ken Coleman 📈 EntreLeadership Learn more about your ad choices. https://www.megaphone.fm/adchoices Ramsey Solutions Privacy Policy Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

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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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