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The Ramsey Show Highlights

My Mortgage Is Over 50% Of My Income

The Ramsey Show Highlights

Ramsey Network

Self-improvement, Education, Investing, Business

4.6682 Ratings

🗓️ 21 March 2025

⏱️ 6 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/pauy7c 📞 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

brought to you by the every dollar app start budgeting for free today

0:06.0

hi thank you for taking my call sure what's up um i'm in the mess so uh oh um well i don't know

0:13.8

this dramatic okay so my mortgage payment is um4,500 a month.

0:21.8

And we just bought this house in June.

0:24.5

And the income has changed.

0:28.6

And so I own my own business.

0:30.0

So it's definitely, it fluctuates.

0:33.9

But I make between $4,000 to $6,000 a month.

0:39.3

Uh-oh.

0:39.7

And then my husband has an income of $4,000 a month currently.

0:44.6

Okay.

0:45.1

So that is, that's what we're looking at.

0:48.4

So on a really good month, your mortgage is still about 50%?

0:52.1

Ooh, mama.

0:52.9

If not more of your income. if not more yeah okay and you said

0:58.2

the income changed what was it before was it ever a good idea well probably no no that is probably not

1:06.9

um there we own another house too it i don't know. How much do you want to know?

1:11.8

I want to let me, tell me the tea. Spill it. All of it. So we, we moved and, um, we had another

1:19.2

home and, um, we were trying to sell it. And, uh, apparently when we went into escrow and

1:25.5

inspection and stuff, the foundation needs to be replaced.

1:28.8

And that was like $140,000.

1:31.0

So long story short, we still have that home.

...

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