My Parents Are Asking Us To Give Them $55k (Hour 2)

The Ramsey Show

Ramsey Network

Investing, Education, Business, Self-improvement

4.5 • 38.5K Ratings

🗓️ 25 October 2022

⏱️ 41 minutes

🔗️ Recording | iTunes | RSS

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Summary

Dave Ramsey & Kristina Ellis discuss: Upgrading a house vs. paying down the mortgage, How to handle asking parents for money, Unreasonable Hospitality with restaurateur & author, Will Guidara Support Our Sponsor: Zander Insurance Have a question for the show? Call 888-825-5225 Weekdays from 2-5pm ET Want a plan for your money? Find out where to start: https://bit.ly/3nInETX Listen to all The Ramsey Network podcasts: https://bit.ly/3GxiXm6 Learn more about your ad choices. https://www.megaphone.fm/adchoices Ramsey Solutions Privacy Policy

Transcript

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0:00.0	In light of Camp 립Sturmount Park where manyedecks wereopolymy and community-friendly wrists tacos.
0:04.7	Live from the headquarters of Ramsey Solutions, broadcasting from the pods of moving and storage
0:32.7	studio.
0:33.7	The Ramsey Show, where Dad is Dom Cashe's King and the paid off home mortgage, has taken
0:39.2	the place of the BMW as the status symbol of choice.
0:43.8	We help people, build wealth, do work that they love and create actual amazing relationships.
0:51.9	Christina Ellis number one bestselling author and Ramsey personality is my co-host today.
0:56.3	As we answer your questions, the phone number is AAA8255225.
1:02.5	Eric is with us in Omaha.
1:04.3	Hi Eric, welcome to the Ramsey Show.
1:06.3	Hi Dave, thank you very much for taking my call.
1:09.7	Sure, what's up?
1:11.5	So, within the past two years, both my wife and I have had drastic income increases and
1:18.1	we're trying to figure out if it's more worthwhile in my starter level homes, but entry,
1:23.3	you put more money towards my $98,000 mortgage or to invest that money into upgrades.
1:29.8	We don't need anything that needs repair, but trying to figure out if the upgrades will
1:35.1	be more fruitful than paying down the mortgage prior to moving in two to three years maybe.
1:42.8	What kind of upgrades?
1:46.5	Doing some concrete repair, possibly just replacing the deck boards as you know the lumber prices
1:51.5	aren't nuts right now, so I'm just trying to make my deck safer.
1:57.1	Lumber prices are not nuts right now, they've come way down.
2:00.5	They've come way down, okay?
	...

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